Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of JBG SMITH Properties (NYSE:JBGS) by 2.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 93,900 shares of the company’s stock after acquiring an additional 2,146 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.08% of JBG SMITH Properties worth $3,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JBGS. Raymond James & Associates purchased a new stake in JBG SMITH Properties in the fourth quarter valued at approximately $218,000. Wells Fargo & Company MN grew its stake in JBG SMITH Properties by 467.4% during the first quarter. Wells Fargo & Company MN now owns 78,044 shares of the company’s stock worth $2,630,000 after buying an additional 99,287 shares during the period. Daiwa Securities Group Inc. grew its stake in JBG SMITH Properties by 17.7% during the first quarter. Daiwa Securities Group Inc. now owns 11,993 shares of the company’s stock worth $404,000 after buying an additional 1,800 shares during the period. American Century Companies Inc. purchased a new stake in JBG SMITH Properties during the first quarter worth approximately $3,973,000. Finally, Prudential Financial Inc. grew its stake in 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 buying an additional 32,319 shares during the period. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Separately, Stifel Nicolaus initiated coverage on shares of JBG SMITH Properties in a research note on Thursday, June 21st. They set a “sell” rating and a $34.00 price objective for the company.

JBGS opened at $37.54 on Friday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. JBG SMITH Properties has a 52-week low of $30.79 and a 52-week high of $38.91. The company has a market cap of $4.41 billion and a price-to-earnings ratio of 20.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Tuesday, August 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, August 13th. This represents a $0.90 annualized dividend and a yield of 2.40%.

In other JBG SMITH Properties news, Director University Yale sold 40,533 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $38.12, for a total transaction of $1,545,117.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.33% of the stock is owned by insiders.

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.

Featured Story: How Do You Make Money With Penny Stocks?

Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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.