Citigroup Inc. increased its stake in JBG SMITH Properties (NYSE:JBGS) by 211.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,238 shares of the company’s stock after buying an additional 190,891 shares during the quarter. Citigroup Inc. owned about 0.24% of JBG SMITH Properties worth $9,481,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $177,000. Raymond James & Associates purchased a new position in JBG SMITH Properties in the fourth quarter valued at about $218,000. Citadel Advisors LLC purchased a new position in JBG SMITH Properties in the fourth quarter valued at about $235,000. Elkfork Partners LLC purchased a new position in JBG SMITH Properties in the fourth quarter valued at about $311,000. Finally, Daiwa Securities Group Inc. boosted its holdings in JBG SMITH Properties by 17.7% in the first quarter. Daiwa Securities Group Inc. now owns 11,993 shares of the company’s stock valued at $404,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 79.43% of the company’s stock.
Shares of JBG SMITH Properties opened at $37.74 on Friday, according to MarketBeat.com. JBG SMITH Properties has a one year low of $30.01 and a one year high of $38.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.45 and a quick ratio of 3.45.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, May 11th.
About JBG SMITH Properties
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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