Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Lowers Position in JBG SMITH Properties (NYSE:JBGS)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in JBG SMITH Properties (NYSE:JBGSGet Rating) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,776 shares of the company’s stock after selling 2,629 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in JBG SMITH Properties were worth $869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBGS. Waterfront Capital Partners LLC bought a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at $18,469,000. State Street Corp increased its position in shares of JBG SMITH Properties by 12.1% during the first quarter. State Street Corp now owns 6,438,232 shares of the company’s stock worth $188,125,000 after acquiring an additional 692,889 shares during the period. JPMorgan Chase & Co. increased its position in shares of JBG SMITH Properties by 7.3% during the second quarter. JPMorgan Chase & Co. now owns 6,442,638 shares of the company’s stock worth $152,305,000 after acquiring an additional 438,357 shares during the period. Renaissance Technologies LLC increased its holdings in JBG SMITH Properties by 2,478.0% during the first quarter. Renaissance Technologies LLC now owns 443,424 shares of the company’s stock valued at $12,957,000 after buying an additional 426,224 shares during the period. Finally, Long Pond Capital LP boosted its stake in JBG SMITH Properties by 4.2% in the second quarter. Long Pond Capital LP now owns 8,621,200 shares of the company’s stock valued at $203,805,000 after acquiring an additional 349,635 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBGS has been the topic of a number of recent research reports. Evercore ISI lowered their price target on shares of JBG SMITH Properties to $24.00 in a research report on Thursday, October 13th. TheStreet downgraded shares of JBG SMITH Properties from a “c-” rating to a “d” rating in a research report on Wednesday, November 2nd.

Insider Activity

In related news, Director Robert Alexander Stewart sold 36,500 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $19.67, for a total value of $717,955.00. Following the transaction, the director now owns 86,290 shares in the company, valued at $1,697,324.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.08% of the stock is currently owned by corporate insiders.

JBG SMITH Properties Stock Performance

JBGS stock opened at $18.92 on Friday. JBG SMITH Properties has a fifty-two week low of $17.39 and a fifty-two week high of $30.10. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.15 billion, a P/E ratio of 47.30 and a beta of 0.93. The company has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $20.87.

JBG SMITH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.90 annualized dividend and a yield of 4.76%. JBG SMITH Properties’s dividend payout ratio is currently 225.01%.

About JBG SMITH Properties

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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.

See Also

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

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