JBG SMITH Properties (JBGS) Shares Bought by Magnus Financial Group LLC

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Magnus Financial Group LLC raised its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,274 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Magnus Financial Group LLC’s holdings in JBG SMITH Properties were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in JBGS. Vanguard Group Inc lifted its holdings in shares of JBG SMITH Properties by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 15,788,085 shares of the company’s stock worth $581,475,000 after acquiring an additional 326,743 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of JBG SMITH Properties by 3.1% in the 4th quarter. BlackRock Inc. now owns 12,999,208 shares of the company’s stock worth $452,502,000 after acquiring an additional 389,492 shares during the last quarter. Norges Bank bought a new stake in shares of JBG SMITH Properties in the 4th quarter worth approximately $255,294,000. JPMorgan Chase & Co. lifted its holdings in shares of JBG SMITH Properties by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,587,449 shares of the company’s stock worth $189,691,000 after acquiring an additional 413,697 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of JBG SMITH Properties by 236.2% in the 4th quarter. Deutsche Bank AG now owns 2,655,954 shares of the company’s stock worth $92,450,000 after acquiring an additional 1,866,026 shares during the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

In related news, Director Michael J. Glosserman sold 20,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.58, for a total transaction of $811,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Glosserman sold 58,437 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $40.92, for a total transaction of $2,391,242.04. The disclosure for this sale can be found here. Insiders have sold a total of 218,437 shares of company stock valued at $8,918,042 over the last quarter. 8.92% of the stock is currently owned by company insiders.

Shares of JBGS traded up $0.05 during mid-day trading on Friday, reaching $40.40. The company’s stock had a trading volume of 354,025 shares, compared to its average volume of 636,462. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 23.35 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.57 and a current ratio of 4.57. JBG SMITH Properties has a 52 week low of $33.30 and a 52 week high of $43.21.

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, May 10th. This represents a $0.90 dividend on an annualized basis and a yield of 2.23%. JBG SMITH Properties’s dividend payout ratio is currently 52.02%.

A number of equities research analysts have recently weighed in on JBGS shares. ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a report on Wednesday, March 6th.

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

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