83,006 Shares in JBG SMITH Properties (JBGS) Purchased by Davis Selected Advisers
Davis Selected Advisers acquired a new stake in shares of JBG SMITH Properties (NYSE:JBGS) during the third quarter, according to its most recent filing with the SEC. The fund acquired 83,006 shares of the company’s stock, valued at approximately $2,840,000. Davis Selected Advisers owned 0.07% of JBG SMITH Properties as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in JBGS. Group One Trading L.P. bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at about $103,000. Spirit of America Management Corp NY bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at about $171,000. CI Investments Inc. bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at about $194,000. World Asset Management Inc bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at about $205,000. Finally, Welch & Forbes LLC bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at about $207,000. Institutional investors own 75.01% of the company’s stock.
In related news, Director Charles E. Haldeman bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $32.59 per share, for a total transaction of $651,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $651,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of JBG SMITH Properties (NYSE:JBGS) traded up $0.01 during trading on Friday, hitting $34.34. The stock had a trading volume of 593,500 shares, compared to its average volume of 1,036,565. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.42 and a current ratio of 4.42. JBG SMITH Properties has a 12-month low of $30.01 and a 12-month high of $37.75.
The business also recently announced a special dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, November 17th.
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About JBG SMITH Properties
JBG SMITH Properties is a real estate company. The Company is focused on the Washington, DC metropolitan area. Its assets consist of office, multifamily and retail properties. It operates through three segments: offices, multifamily and other. The Company’s assets are located primarily within submarkets in the District of Columbia and in the infill, Metro-served submarkets outside of Washington, DC.
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