JBG SMITH Properties (NYSE:JBGS) Sees Unusually-High Trading Volume

JBG SMITH Properties (NYSE:JBGS – Get Rating) shares saw an uptick in trading volume on Friday . 943,023 shares changed hands during trading, a decline of 9% from the previous session’s volume of 1,036,622 shares.The stock last traded at $16.48 and had previously closed at $17.05.

JBG SMITH Properties Stock Performance

The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 23.62 and a beta of 0.98. The stock’s 50 day moving average is $19.07 and its two-hundred day moving average is $19.77. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.90.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Thursday, December 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Wednesday, December 28th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently 132.35%.

Insider Transactions at JBG SMITH Properties

In other news, CFO Madhumita Moina Banerjee sold 41,751 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $18.14, for a total value of $757,363.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.08% of the company’s stock.

Institutional Trading of JBG SMITH Properties

Several hedge funds have recently made changes to their positions in JBGS. Natixis increased its holdings in shares of JBG SMITH Properties by 299.7% in the 4th quarter. Natixis now owns 363,700 shares of the company’s stock valued at $6,903,000 after purchasing an additional 272,700 shares in the last quarter. Point72 Middle East FZE purchased a new position in JBG SMITH Properties during the 4th quarter valued at about $181,000. Jane Street Group LLC increased its holdings in JBG SMITH Properties by 226.0% during the 4th quarter. Jane Street Group LLC now owns 89,079 shares of the company’s stock valued at $1,691,000 after acquiring an additional 61,757 shares in the last quarter. Employees Retirement System of Texas purchased a new position in JBG SMITH Properties during the 4th quarter valued at about $1,139,000. Finally, Sessa Capital IM L.P. purchased a new position in JBG SMITH Properties during the 4th quarter valued at about $37,595,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

About JBG SMITH Properties

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JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. Its strategy is to invest in assets within metro-served submarkets in the Washington, DC metropolitan area with high barriers to entry and vibrant urban amenities.