American Century Companies Inc. purchased a new position in JBG Smith (NYSE:JBGS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 117,862 shares of the company’s stock, valued at approximately $3,973,000. American Century Companies Inc. owned approximately 0.10% of JBG Smith at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of JBGS. Long Pond Capital LP lifted its position in shares of JBG Smith by 568.2% in the fourth quarter. Long Pond Capital LP now owns 3,328,417 shares of the company’s stock worth $115,596,000 after purchasing an additional 2,830,296 shares in the last quarter. Trustees of Princeton University purchased a new stake in shares of JBG Smith in the fourth quarter worth approximately $77,546,000. V3 Capital Management L.P. lifted its position in shares of JBG Smith by 196.6% in the fourth quarter. V3 Capital Management L.P. now owns 1,985,386 shares of the company’s stock worth $68,952,000 after purchasing an additional 1,315,968 shares in the last quarter. Sessa Capital IM L.P. lifted its position in shares of JBG Smith by 51.0% in the fourth quarter. Sessa Capital IM L.P. now owns 2,179,098 shares of the company’s stock worth $75,680,000 after purchasing an additional 735,768 shares in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its position in shares of JBG Smith by 57.4% in the fourth quarter. Heitman Real Estate Securities LLC now owns 946,255 shares of the company’s stock worth $32,863,000 after purchasing an additional 344,896 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.
In related news, Director Carol A. Melton purchased 2,500 shares of the stock in a transaction on Wednesday, March 14th. The shares were bought at an average price of $33.92 per share, for a total transaction of $84,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.33% of the company’s stock.
Shares of JBG Smith opened at $36.55 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.45 and a current ratio of 3.45. JBG Smith has a twelve month low of $30.01 and a twelve month high of $37.75.
JBG Smith (NYSE:JBGS) last issued its quarterly earnings data on Monday, March 12th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $156.37 million for the quarter. JBG Smith had a negative net margin of 13.41% and a negative return on equity of 2.82%.
The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Monday, May 14th were issued a dividend of $0.225 per share. The ex-dividend date was Friday, May 11th. This represents a $0.90 annualized dividend and a yield of 2.46%.
JBG Smith 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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