JBG SMITH Properties (JBGS) Reaches New 52-Week High at $43.21

Shares of JBG SMITH Properties (NYSE:JBGS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $43.21 and last traded at $42.80, with a volume of 9777 shares traded. The stock had previously closed at $43.17.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 6th. ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

The firm has a market capitalization of $5.29 billion, a P/E ratio of 24.77 and a beta of 0.73. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.71.

In other news, Director Michael J. Glosserman sold 20,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $41.50, for a total transaction of $830,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Glosserman sold 58,437 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $40.92, for a total transaction of $2,391,242.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,437 shares of company stock valued at $8,918,042. 8.92% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JBGS. JPMorgan Chase & Co. raised its holdings in JBG SMITH Properties by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,382,532 shares of the company’s stock worth $161,409,000 after buying an additional 93,434 shares during the period. Janus Henderson Group PLC grew its stake in shares of JBG SMITH Properties by 153.2% in the 3rd quarter. Janus Henderson Group PLC now owns 40,000 shares of the company’s stock valued at $1,473,000 after buying an additional 24,200 shares in the last quarter. Bank of New York Mellon Corp boosted its position in JBG SMITH Properties by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,304,156 shares of the company’s stock worth $48,031,000 after purchasing an additional 127,025 shares during the period. Dimensional Fund Advisors LP boosted its position in JBG SMITH Properties by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,542,532 shares of the company’s stock worth $56,807,000 after purchasing an additional 92,006 shares during the period. Finally, United Services Automobile Association raised its stake in shares of JBG SMITH Properties by 13.5% in the third quarter. United Services Automobile Association now owns 16,082 shares of the company’s stock valued at $592,000 after purchasing an additional 1,919 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

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JBG SMITH Properties Company Profile (NYSE:JBGS)

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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