JBG SMITH Properties (JBGS) Director Sells $814,200.00 in Stock

JBG SMITH Properties (NYSE:JBGS) Director Michael J. Glosserman sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $40.71, for a total value of $814,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NYSE:JBGS traded up $0.67 during mid-day trading on Friday, hitting $41.84. 1,698,325 shares of the company’s stock traded hands, compared to its average volume of 881,250. JBG SMITH Properties has a 12 month low of $33.30 and a 12 month high of $43.21. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 24.18 and a beta of 0.73. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.71.

A number of large investors have recently made changes to their positions in JBGS. JPMorgan Chase & Co. boosted its stake 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 valued at $161,409,000 after purchasing an additional 93,434 shares during the period. Rhumbline Advisers lifted its position in shares of JBG SMITH Properties by 3.6% in the 3rd quarter. Rhumbline Advisers now owns 195,996 shares of the company’s stock worth $7,219,000 after acquiring an additional 6,793 shares during the period. Janus Henderson Group PLC lifted its position 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 worth $1,473,000 after acquiring an additional 24,200 shares during the period. Bank of New York Mellon Corp lifted its position in shares of JBG SMITH Properties by 10.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,304,156 shares of the company’s stock worth $48,031,000 after acquiring an additional 127,025 shares during the period. Finally, BlackRock Inc. lifted its position in shares of JBG SMITH Properties by 14.3% in the 3rd quarter. BlackRock Inc. now owns 12,609,716 shares of the company’s stock worth $464,418,000 after acquiring an additional 1,573,860 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 6th. ValuEngine upgraded JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

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About JBG SMITH Properties

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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