JBG SMITH Properties (NYSE:JBGS) Insider Steven Museles Sells 16,253 Shares

JBG SMITH Properties (NYSE:JBGS) insider Steven Museles sold 16,253 shares of the firm’s stock in a transaction that occurred on 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 hyperlink.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $19.50 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.67 and a debt-to-equity ratio of 2.06. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $24.30. The stock has a market capitalization of $1.15 billion, a PE ratio of -9.51 and a beta of 1.35. The firm has a 50 day moving average of $21.76 and a two-hundred day moving average of $19.03.

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

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, November 6th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -34.15%.

Institutional Trading of JBG SMITH Properties

A number of institutional investors have recently added to or reduced their stakes in JBGS. Y Intercept Hong Kong Ltd purchased a new stake in shares of JBG SMITH Properties in the third quarter valued at about $1,013,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of JBG SMITH Properties by 13.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,497 shares of the company’s stock valued at $656,000 after purchasing an additional 3,460 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of JBG SMITH Properties in the third quarter valued at about $720,000. Bayforest Capital Ltd purchased a new stake in shares of JBG SMITH Properties in the third quarter valued at about $940,000. Finally, SG Americas Securities LLC purchased a new stake in shares of JBG SMITH Properties in the third quarter valued at about $113,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

JBGS has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average price target of $17.67.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.