State of Alaska Department of Revenue cut its holdings in JBG SMITH Properties (NYSE:JBGS) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,596 shares of the company’s stock after selling 1,517 shares during the quarter. State of Alaska Department of Revenue’s holdings in JBG SMITH Properties were worth $1,641,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in shares of JBG SMITH Properties by 467.4% in the 1st quarter. Wells Fargo & Company MN now owns 78,044 shares of the company’s stock worth $2,630,000 after acquiring an additional 99,287 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of JBG SMITH Properties by 7.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,398,903 shares of the company’s stock worth $47,157,000 after acquiring an additional 93,280 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of JBG SMITH Properties in the 1st quarter worth $290,000. Principal Financial Group Inc. lifted its stake in shares of JBG SMITH Properties by 5.0% in the 1st quarter. Principal Financial Group Inc. now owns 403,805 shares of the company’s stock worth $13,612,000 after acquiring an additional 19,338 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of JBG SMITH Properties by 56.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 19,107 shares of the company’s stock worth $644,000 after acquiring an additional 6,878 shares during the period. 78.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE JBGS traded up $0.12 during midday trading on Friday, hitting $39.04. The company had a trading volume of 619,356 shares, compared to its average volume of 859,272. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. JBG SMITH Properties has a twelve month low of $30.86 and a twelve month high of $40.39. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 22.67 and a beta of -0.02.
In other JBG SMITH Properties news, insider James Lee Iker sold 23,836 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $39.35, for a total transaction of $937,946.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.33% of the company’s stock.
JBGS has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating and raised their target price for the stock from $34.00 to $37.00 in a research note on Monday, October 22nd. Zacks Investment Research cut shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine cut shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd.
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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. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.
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