Long Pond Capital LP Has $103.34 Million Stake in JBG Smith (JBGS)
Long Pond Capital LP trimmed its position in JBG Smith (NYSE:JBGS) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,065,474 shares of the company’s stock after selling 262,943 shares during the quarter. JBG Smith comprises approximately 2.6% of Long Pond Capital LP’s holdings, making the stock its 12th largest position. Long Pond Capital LP owned 2.60% of JBG Smith worth $103,337,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of JBG Smith by 3.6% in the first quarter. BlackRock Inc. now owns 9,859,115 shares of the company’s stock worth $332,353,000 after buying an additional 345,917 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of JBG Smith by 7.0% in the first quarter. JPMorgan Chase & Co. now owns 3,833,886 shares of the company’s stock worth $129,239,000 after buying an additional 249,845 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of JBG Smith by 64.8% in the first quarter. Thompson Siegel & Walmsley LLC now owns 2,451,150 shares of the company’s stock worth $82,629,000 after buying an additional 964,039 shares during the last quarter. Trustees of Princeton University acquired a new stake in shares of JBG Smith in the fourth quarter worth $77,546,000. Finally, Sessa Capital IM L.P. lifted its stake in shares of JBG Smith by 51.0% in the fourth quarter. Sessa Capital IM L.P. now owns 2,179,098 shares of the company’s stock worth $75,680,000 after buying an additional 735,768 shares during the last quarter. Institutional investors and hedge funds own 79.41% of the company’s stock.
In other news, Director Carol A. Melton bought 2,500 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was bought at an average price of $33.92 per share, with a total value of $84,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.33% of the company’s stock.
JBG Smith (NYSE:JBGS) last announced its quarterly earnings results on Monday, March 12th. The company reported ($0.15) earnings per share (EPS) for the quarter. JBG Smith had a negative net margin of 13.41% and a negative return on equity of 2.82%. The business had revenue of $156.37 million for the quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Monday, May 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, May 11th.
About JBG Smith
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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