JBG SMITH Properties (NYSE:JBGS) Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of JBG SMITH Properties (NYSE:JBGSGet Rating) by 8.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,819 shares of the company’s stock after purchasing an additional 1,128 shares during the quarter. M&T Bank Corp’s holdings in JBG SMITH Properties were worth $327,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its holdings in JBG SMITH Properties by 4.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 26,562 shares of the company’s stock worth $627,000 after acquiring an additional 1,160 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new position in JBG SMITH Properties in the 1st quarter worth approximately $420,000. Treasurer of the State of North Carolina boosted its holdings in JBG SMITH Properties by 8.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 48,807 shares of the company’s stock worth $1,154,000 after acquiring an additional 3,799 shares during the period. FDx Advisors Inc. boosted its holdings in JBG SMITH Properties by 9.4% in the 1st quarter. FDx Advisors Inc. now owns 8,798 shares of the company’s stock worth $257,000 after acquiring an additional 758 shares during the period. Finally, Heritage Investors Management Corp purchased a new position in JBG SMITH Properties in the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 85.15% of the company’s stock.

Insider Activity at JBG SMITH Properties

In other news, Director Scott A. Estes purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average cost of $23.15 per share, with a total value of $231,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $1,157,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Scott A. Estes purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average cost of $23.15 per share, with a total value of $231,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $1,157,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO George Laucks Xanders sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $22.38, for a total value of $156,660.00. Following the sale, the executive now directly owns 8,350 shares in the company, valued at $186,873. The disclosure for this sale can be found here. Corporate insiders own 6.08% of the company’s stock.

JBG SMITH Properties Stock Performance

JBG SMITH Properties stock opened at $19.38 on Tuesday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.21 billion, a P/E ratio of 48.45 and a beta of 0.93. JBG SMITH Properties has a 52 week low of $17.39 and a 52 week high of $31.09. The stock has a 50 day moving average of $19.66 and a 200-day moving average of $22.72.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, November 7th. JBG SMITH Properties’s dividend payout ratio is currently 225.01%.

Wall Street Analyst Weigh In

JBGS has been the subject of several research analyst reports. TheStreet cut JBG SMITH Properties from a “c-” rating to a “d” rating in a research note on Wednesday, November 2nd. Evercore ISI reduced their target price on JBG SMITH Properties to $24.00 in a research note on Thursday, October 13th.

JBG SMITH Properties Company Profile

(Get Rating)

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.

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

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