JBG SMITH Properties (NYSE:JBGS) Shares Gap Down – Time to Sell?

JBG SMITH Properties (NYSE:JBGS) shares gapped down before the market opened on Wednesday . The stock had previously closed at $17.25, but opened at $16.80. JBG SMITH Properties shares last traded at $17.45, with a volume of 74,189 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. New Street Research set a $19.00 price target on JBG SMITH Properties in a report on Thursday, October 9th. Wall Street Zen lowered JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Evercore ISI lowered their target price on JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus target price of $18.50.

JBG SMITH Properties Trading Down 1.1%

The business has a 50 day moving average of $17.48 and a two-hundred day moving average of $19.50. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -8.38 and a beta of 1.15. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.67 and a current ratio of 3.67.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.64. JBG SMITH Properties had a negative return on equity of 10.41% and a negative net margin of 30.57%.The firm had revenue of $123.87 million during the quarter, compared to analysts’ expectations of $120.57 million.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.175 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.1%. JBG SMITH Properties’s dividend payout ratio is presently -34.15%.

Insider Buying and Selling at JBG SMITH Properties

In other news, insider Steven A. Museles sold 16,253 shares of JBG SMITH Properties stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $19.58, for a total transaction of $318,233.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On JBG SMITH Properties

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in JBG SMITH Properties by 65.1% during the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after purchasing an additional 510 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in JBG SMITH Properties by 20.9% during the third quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after buying an additional 569 shares in the last quarter. Ballentine Partners LLC raised its position in JBG SMITH Properties by 4.5% in the 3rd quarter. Ballentine Partners LLC now owns 13,789 shares of the company’s stock valued at $307,000 after buying an additional 599 shares during the last quarter. Smartleaf Asset Management LLC raised its position in JBG SMITH Properties by 78.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after buying an additional 650 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in JBG SMITH Properties by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company’s stock valued at $216,000 after acquiring an additional 710 shares in the last quarter. Institutional investors and hedge funds 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.