Morgan Stanley Sells 1,086,393 Shares of JBG SMITH Properties (JBGS)

Morgan Stanley lowered its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 36.1% during the 2nd quarter, Holdings Channel reports. The firm owned 1,922,685 shares of the company’s stock after selling 1,086,393 shares during the quarter. Morgan Stanley’s holdings in JBG SMITH Properties were worth $70,122,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Glen Harbor Capital Management LLC grew its holdings in shares of JBG SMITH Properties by 21.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the company’s stock valued at $288,000 after purchasing an additional 1,376 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of JBG SMITH Properties by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 64,696 shares of the company’s stock valued at $2,359,000 after purchasing an additional 1,484 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of JBG SMITH Properties by 20.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,760 shares of the company’s stock valued at $319,000 after purchasing an additional 1,500 shares during the last quarter. US Bancorp DE grew its holdings in shares of JBG SMITH Properties by 129.9% during the 2nd quarter. US Bancorp DE now owns 3,058 shares of the company’s stock valued at $112,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of JBG SMITH Properties by 8.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 22,728 shares of the company’s stock valued at $829,000 after purchasing an additional 1,859 shares during the last quarter. 78.68% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of JBG SMITH Properties in a report on Thursday, June 21st. They set a “sell” rating and a $34.00 target price on the stock. Zacks Investment Research raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Friday, September 21st.

In other JBG SMITH Properties news, CIO James Lee Iker sold 23,837 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total value of $894,840.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.33% of the stock is owned by company insiders.

JBGS stock opened at $36.94 on Wednesday. The firm has a market cap of $4.41 billion, a P/E ratio of 20.48 and a beta of 0.05. JBG SMITH Properties has a 52 week low of $30.79 and a 52 week high of $38.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41.

The company also recently declared a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Tuesday, August 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Monday, August 13th.

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

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