JBG SMITH Properties (JBGS) Holdings Trimmed by Yale University

Yale University trimmed its position in shares of JBG SMITH Properties (NYSE:JBGS) by 70.8% during the 1st quarter, HoldingsChannel reports. The firm owned 1,130,126 shares of the company’s stock after selling 2,740,992 shares during the quarter. JBG SMITH Properties accounts for 53.0% of Yale University’s investment portfolio, making the stock its biggest holding. Yale University’s holdings in JBG SMITH Properties were worth $46,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of JBG SMITH Properties by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 4,382,532 shares of the company’s stock valued at $161,409,000 after buying an additional 93,434 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of JBG SMITH Properties by 8.0% in the third quarter. AQR Capital Management LLC now owns 18,127 shares of the company’s stock valued at $668,000 after buying an additional 1,345 shares in the last quarter. Vanguard Group Inc grew its stake in shares of JBG SMITH Properties by 2.1% in the third quarter. Vanguard Group Inc now owns 15,788,085 shares of the company’s stock valued at $581,475,000 after buying an additional 326,743 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of JBG SMITH Properties by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 45,435 shares of the company’s stock valued at $1,580,000 after buying an additional 839 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of JBG SMITH Properties by 9.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,740 shares of the company’s stock valued at $1,105,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

In related news, Director Michael J. Glosserman sold 40,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $40.65, for a total transaction of $1,626,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Glosserman sold 20,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $41.50, for a total value of $830,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 218,437 shares of company stock valued at $8,918,042 over the last three months. 8.92% of the stock is currently owned by insiders.

JBGS has been the subject of a number of research reports. ValuEngine raised JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 6th.

JBGS traded down $0.43 on Friday, hitting $41.08. 21,541 shares of the company were exchanged, compared to its average volume of 633,934. JBG SMITH Properties has a twelve month low of $33.30 and a twelve month high of $43.21. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 23.75 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.57.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.90 annualized dividend and a yield of 2.19%. JBG SMITH Properties’s payout ratio is 52.02%.

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

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