abrdn plc Buys 5,041 Shares of JBG SMITH Properties (NYSE:JBGS)

abrdn plc increased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,508 shares of the company’s stock after acquiring an additional 5,041 shares during the quarter. abrdn plc’s holdings in JBG SMITH Properties were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after buying an additional 32,027 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JBG SMITH Properties by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after acquiring an additional 105,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JBG SMITH Properties by 430.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after purchasing an additional 497,288 shares during the period. Jane Street Group LLC lifted its holdings in shares of JBG SMITH Properties by 33.4% during the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after purchasing an additional 89,812 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of JBG SMITH Properties by 4.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company’s stock valued at $2,217,000 after purchasing an additional 5,043 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Stock Up 0.2 %

JBG SMITH Properties stock opened at $15.04 on Wednesday. The company’s 50-day moving average price is $15.49 and its two-hundred day moving average price is $16.59. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. The stock has a market cap of $1.27 billion, a P/E ratio of -11.57 and a beta of 1.11. JBG SMITH Properties has a twelve month low of $13.65 and a twelve month high of $18.86.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.66%. JBG SMITH Properties’s payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Company Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.