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.

Shares of JBG SMITH Properties (JBGS) opened at $33.49 on Tuesday. JBG SMITH Properties has a one year low of $30.01 and a one year high of $37.75. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.70.

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%.

COPYRIGHT VIOLATION WARNING: This story was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/01/23/wells-fargo-company-mn-invests-1-32-million-in-jbg-smith-properties-jbgs.html.

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.

Want to see what other hedge funds are holding JBGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JBG SMITH Properties (NYSE:JBGS).

Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

Receive News & Ratings for JBG SMITH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBG SMITH Properties and related companies with MarketBeat.com's FREE daily email newsletter.