JBG SMITH Properties (NYSE:JBGS) Shares Sold by UBS Group AG (2024)

UBS Group AG decreased its position in JBG SMITH Properties (NYSE:JBGS – Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,008,347 shares of the company’s stock after selling 21,284 shares during the quarter. UBS Group AG owned 1.05% of JBG SMITH Properties worth $17,152,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JBGS. Norges Bank acquired a new position in JBG SMITH Properties during the 4th quarter valued at approximately $102,535,000. Wellington Management Group LLP purchased a new position in shares of JBG SMITH Properties during the third quarter valued at $16,385,000. Charles Schwab Investment Management Inc. grew its holdings in shares of JBG SMITH Properties by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,924,235 shares of the company’s stock valued at $27,824,000 after buying an additional 87,645 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of JBG SMITH Properties during the third quarter valued at $786,000. Finally, Victory Capital Management Inc. grew its stake in JBG SMITH Properties by 289.8% in the fourth quarter. Victory Capital Management Inc. now owns 64,341 shares of the company’s stock valued at $1,094,000 after purchasing an additional 47,835 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $14.10 on Friday. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.60 and a quick ratio of 3.60. The stock has a market capitalization of $1.30 billion, a P/E ratio of -10.14 and a beta of 1.07. The business has a 50-day moving average of $15.01 and a two-hundred day moving average of $15.79.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.70 annualized dividend and a yield of 4.96%. JBG SMITH Properties’s dividend payout ratio (DPR) is -50.36%.

Analyst Ratings Changes

Separately, Evercore ISI lowered their target price on JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th.

Read Our Latest Report on JBGS

JBG SMITH Properties Profile

(Free Report)

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.

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