Real Estate Management Services LLC boosted its holdings in JBG SMITH Properties (NYSE:JBGS) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 506,100 shares of the company’s stock after purchasing an additional 15,900 shares during the quarter. JBG SMITH Properties comprises approximately 4.1% of Real Estate Management Services LLC’s portfolio, making the stock its 14th biggest position. Real Estate Management Services LLC’s holdings in JBG SMITH Properties were worth $17,577,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Group One Trading L.P. acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $103,000. Spirit of America Management Corp NY acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $171,000. CI Investments Inc. acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $194,000. World Asset Management Inc acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $205,000. Finally, Welch & Forbes LLC acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $207,000. 76.14% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Charles E. Haldeman acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $32.59 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $651,800. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Monday, November 13th. The company reported ($0.61) earnings per share (EPS) for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, December 28th.
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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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