Raymond James & Associates Has $2.12 Million Stake in JBG SMITH Properties (JBGS)

Raymond James & Associates reduced its position in JBG SMITH Properties (NYSE:JBGS) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,958 shares of the company’s stock after selling 2,140 shares during the period. Raymond James & Associates owned about 0.05% of JBG SMITH Properties worth $2,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ffcm LLC increased its stake in JBG SMITH Properties by 243.2% in the 4th quarter. Ffcm LLC now owns 810 shares of the company’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in JBG SMITH Properties during the fourth quarter worth $35,000. Enlightenment Research LLC purchased a new position in JBG SMITH Properties during the fourth quarter worth $35,000. Oregon Public Employees Retirement Fund increased its position in JBG SMITH Properties by 3,734.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,502,086 shares of the company’s stock worth $43,000 after buying an additional 1,462,915 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in JBG SMITH Properties during the fourth quarter worth $119,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Michael J. Glosserman sold 58,437 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $40.92, for a total transaction of $2,391,242.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Glosserman sold 60,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $40.75, for a total value of $2,445,000.00. The disclosure for this sale can be found here. Insiders have sold 218,437 shares of company stock worth $8,918,042 in the last 90 days. Insiders own 8.92% of the company’s stock.

JBG SMITH Properties stock traded down $0.31 during mid-day trading on Monday, hitting $42.86. 736,200 shares of the company were exchanged, compared to its average volume of 545,600. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.50 and a current ratio of 4.50. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 24.77 and a beta of 0.73. JBG SMITH Properties has a 12-month low of $33.30 and a 12-month high of $43.21.

Several equities analysts have weighed in on JBGS shares. ValuEngine raised JBG SMITH Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, March 6th.

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JBG SMITH Properties Company Profile

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.

Further Reading: Hedge Funds

Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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