Quantitative Systematic Strategies LLC Purchases Shares of 34,869 JBG SMITH Properties (JBGS)
Quantitative Systematic Strategies LLC purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,869 shares of the company’s stock, valued at approximately $1,272,000.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of JBG SMITH Properties by 3.6% during the first quarter. BlackRock Inc. now owns 9,859,115 shares of the company’s stock worth $332,353,000 after purchasing an additional 345,917 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of JBG SMITH Properties by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 792,294 shares of the company’s stock worth $26,709,000 after purchasing an additional 49,336 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of JBG SMITH Properties by 64.8% during the first quarter. Thompson Siegel & Walmsley LLC now owns 2,451,150 shares of the company’s stock worth $82,629,000 after purchasing an additional 964,039 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of JBG SMITH Properties by 2.8% during the first quarter. Prudential Financial Inc. now owns 1,171,962 shares of the company’s stock worth $39,506,000 after purchasing an additional 32,319 shares during the last quarter. Finally, State of Tennessee Treasury Department bought a new stake in shares of JBG SMITH Properties during the first quarter worth about $3,867,000. Institutional investors own 79.14% of the company’s stock.
Separately, Stifel Nicolaus assumed coverage on JBG SMITH Properties in a report on Thursday, June 21st. They set a “sell” rating and a $34.00 price target on the stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 27th. Stockholders of record on Tuesday, August 14th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, August 13th.
In other news, Director University Yale sold 40,533 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $38.12, for a total transaction of $1,545,117.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.33% of the company’s stock.
JBG SMITH Properties Profile
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.
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