JBG SMITH Properties (NYSE:JBGS) Releases Earnings Results

JBG SMITH Properties (NYSE:JBGS) announced its quarterly earnings data on Monday. The company reported ($1.03) EPS for the quarter, FiscalAI reports. The firm had revenue of $129.38 million for the quarter. JBG SMITH Properties had a negative net margin of 29.89% and a negative return on equity of 13.07%.

JBG SMITH Properties Trading Up 1.4%

JBGS opened at $11.37 on Wednesday. JBG SMITH Properties has a one year low of $10.77 and a one year high of $24.30. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 4.53. The business has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $14.93. The firm has a market capitalization of $662.25 million, a price-to-earnings ratio of -4.36 and a beta of 1.07.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Thursday, August 13th. JBG SMITH Properties’s payout ratio is currently -26.82%.

Analyst Upgrades and Downgrades

JBGS has been the topic of a number of recent research reports. Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. BMO Capital Markets restated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $16.67.

Insider Activity at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the completion of the sale, the insider owned 12,032 shares of the company’s stock, valued at $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JBG SMITH Properties

A number of large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the period. Smartleaf Asset Management LLC raised its position in shares of JBG SMITH Properties by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock worth $38,000 after acquiring an additional 765 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of JBG SMITH Properties in the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its stake in shares of JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares during the period. Finally, State of Wyoming purchased a new position in shares of JBG SMITH Properties in the 2nd quarter valued at approximately $72,000. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.