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

abrdn plc grew its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 30.6% in the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of JBG SMITH Properties by 430.5% in the 3rd 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 acquiring an additional 497,288 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in JBG SMITH Properties by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after purchasing an additional 105,384 shares in the last quarter. Jane Street Group LLC raised its stake in shares of JBG SMITH Properties by 33.4% in the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after purchasing an additional 89,812 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of JBG SMITH Properties by 105.8% in the third quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after purchasing an additional 36,412 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of JBG SMITH Properties by 1.1% during the third 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 during the last quarter. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Trading Up 0.2 %

Shares of JBGS stock opened at $15.04 on Wednesday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.57 and a beta of 1.11. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. The company’s fifty day simple moving average is $15.49 and its two-hundred day simple moving average is $16.59.

JBG SMITH Properties Announces Dividend

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

Analyst Upgrades and Downgrades

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

JBG SMITH Properties 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.