State Street Corp. Maintains 5.0% Stake in JBG SMITH Properties
Ticker: JBGS · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1689796
| Field | Detail |
|---|---|
| Company | Jbg Smith Properties (JBGS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, real-estate, passive-investment
TL;DR
**State Street still owns 5% of JBG SMITH, showing continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership in JBG SMITH Properties (REIT). As of December 31, 2023, State Street Corporation reported beneficial ownership of 5.0% of JBG SMITH Properties' REIT class of securities. This filing is an update to their previous disclosures, showing their continued significant, though passive, stake in the real estate investment trust. For investors, this means a large institutional holder maintains a substantial position, which can signal confidence in the company's long-term prospects, but also means a potential large seller if their investment thesis changes.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, holds a significant 5.0% stake in JBG SMITH Properties, providing a degree of stability and institutional backing for the stock.
Risk Assessment
Risk Level: low — The filing indicates a passive ownership stake by a large institution, which generally doesn't pose an immediate risk to the stock.
Analyst Insight
Investors should note the continued institutional ownership by State Street Corporation, which suggests a stable, long-term view from a major player, but this filing itself doesn't indicate any immediate catalysts for price movement.
Key Numbers
- 5.0% — Beneficial Ownership (State Street Corporation's stake in JBG SMITH Properties as of December 31, 2023)
Key Players & Entities
- State Street Corporation (company) — the reporting person and beneficial owner
- JBG SMITH Properties (company) — the subject company (issuer) of the securities
- 5.0% (dollar_amount) — percentage of class beneficially owned by State Street Corporation
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in JBG SMITH Properties for the foreseeable future. (State Street Corporation) — medium confidence, target: 2025-12-31
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating that State Street Corporation continues to beneficially own a significant, but passive, stake in JBG SMITH Properties, specifically 5.0% of its REIT class of securities as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by CIK 0000093751, a financial institution based in Boston, MA.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is JBG SMITH Properties, a Real Estate Investment Trust (REIT) with CIK 0001689796, located in Bethesda, MD.
What percentage of JBG SMITH Properties' securities does State Street Corporation beneficially own?
As of December 31, 2023, State Street Corporation beneficially owns 5.0% of the REIT class of securities of JBG SMITH Properties.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the REIT class of securities of JBG SMITH Properties is 46590V100.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding JBG SMITH Properties (JBGS).