Yale University boosted its stake in JBG SMITH Properties (NYSE:JBGS) by 80.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,043,484 shares of the company’s stock after purchasing an additional 913,358 shares during the period. JBG SMITH Properties comprises approximately 66.5% of Yale University’s investment portfolio, making the stock its biggest position. Yale University’s holdings in JBG SMITH Properties were worth $80,391,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resolution Capital Ltd purchased a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at $76,896,000. JPMorgan Chase & Co. raised its position in JBG SMITH Properties by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,681,052 shares of the company’s stock worth $221,220,000 after purchasing an additional 1,093,603 shares during the period. Prudential Financial Inc. boosted its holdings in JBG SMITH Properties by 44.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,413,129 shares of the company’s stock valued at $55,593,000 after acquiring an additional 436,800 shares during the period. Centersquare Investment Management LLC grew its holdings in JBG SMITH Properties by 39.9% in the 2nd quarter. Centersquare Investment Management LLC now owns 1,318,252 shares of the company’s stock worth $51,860,000 after acquiring an additional 376,266 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of JBG SMITH Properties by 28.6% in the first quarter. Federated Investors Inc. PA now owns 1,596,371 shares of the company’s stock valued at $66,010,000 after acquiring an additional 354,686 shares during the period. Institutional investors own 86.15% of the company’s stock.
Shares of JBGS traded down $0.27 during mid-day trading on Tuesday, hitting $38.89. 16,711 shares of the company’s stock traded hands, compared to its average volume of 483,869. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.48. JBG SMITH Properties has a 1 year low of $33.30 and a 1 year high of $43.21. The firm has a market capitalization of $5.27 billion, a P/E ratio of 22.42, a PEG ratio of 6.36 and a beta of 0.68. The business’s 50-day moving average price is $38.60 and its 200-day moving average price is $40.29.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Tuesday, August 13th were issued a $0.225 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.90 annualized dividend and a yield of 2.31%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently 52.02%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, August 13th. ValuEngine cut JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Bank of America assumed coverage on JBG SMITH Properties in a report on Thursday, August 15th. They set a “neutral” rating and a $42.00 price target on the stock.
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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