Legal & General Group Plc acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 333,564 shares of the company’s stock, valued at approximately $4,893,000. Legal & General Group Plc owned about 0.57% of JBG SMITH Properties as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in JBG SMITH Properties by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock worth $38,000 after purchasing an additional 765 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in JBG SMITH Properties in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC grew its holdings in JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after buying an additional 1,741 shares in the last quarter. Finally, State of Wyoming bought a new position in JBG SMITH Properties during the 2nd quarter worth $72,000. Institutional investors own 98.46% of the company’s stock.
JBG SMITH Properties Price Performance
JBGS stock opened at $11.77 on Friday. The company’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $14.39. The firm has a market cap of $689.49 million, a P/E ratio of -4.51 and a beta of 1.07. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a 12 month low of $10.77 and a 12 month high of $24.30.
JBG SMITH Properties Dividend Announcement
Insider Buying and Selling
In other JBG SMITH Properties news, insider Steven Museles sold 20,010 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider directly owned 12,032 shares in the company, valued at $180,600.32. The trade was a 62.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $16.67.
Check Out Our Latest Stock Analysis on JBG SMITH Properties
About JBG SMITH Properties
JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.
The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.
Further Reading
- Five stocks we like better than JBG SMITH Properties
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for JBG SMITH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBG SMITH Properties and related companies with MarketBeat.com's FREE daily email newsletter.
