Wells Fargo & Company MN Invests $1.32 Million in JBG SMITH Properties (JBGS)
Wells Fargo & Company MN purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 38,689 shares of the company’s stock, valued at approximately $1,322,000.
Other large investors also recently made changes to their positions in the company. Spirit of America Management Corp NY acquired a new stake in JBG SMITH Properties during the 3rd quarter worth $171,000. CI Investments Inc. acquired a new stake in JBG SMITH Properties during the 3rd quarter worth $194,000. World Asset Management Inc acquired a new stake in JBG SMITH Properties during the 3rd quarter worth $205,000. Simplex Trading LLC acquired a new stake in JBG SMITH Properties during the 3rd quarter worth $227,000. Finally, LS Investment Advisors LLC acquired a new stake in JBG SMITH Properties during the 3rd quarter worth $247,000. Hedge funds and other institutional investors own 75.01% of the company’s stock.
In related news, Director Charles E. Haldeman purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $32.59 per share, for a total transaction of $651,800.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $651,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Monday, November 13th. The company reported ($0.61) EPS for the quarter.
The business also recently declared a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.90 annualized dividend and a yield of 2.69%.
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JBG SMITH Properties Profile
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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