JBG SMITH Properties (NYSE:JBGS) Hits New 52-Week Low – Time to Sell?

JBG SMITH Properties (NYSE:JBGS)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $13.94 and last traded at $14.0220, with a volume of 151305 shares changing hands. The stock had previously closed at $14.33.

Analysts Set New Price Targets

Several research firms have recently issued reports on JBGS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Price Performance

The firm has a 50-day moving average of $14.86 and a 200-day moving average of $15.77. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53. The firm has a market capitalization of $823.56 million, a P/E ratio of -7.56 and a beta of 1.08.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.The business had revenue of $127.60 million during the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 5.0%. The ex-dividend date was Thursday, May 14th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -37.43%.

Insiders Place Their Bets

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. The trade was a 62.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JBGS. Jefferies Financial Group Inc. bought a new stake in shares of JBG SMITH Properties during the 3rd quarter valued at about $1,946,000. SG Americas Securities LLC lifted its stake in shares of JBG SMITH Properties by 7,444.7% in the 4th quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after purchasing an additional 377,895 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of JBG SMITH Properties in the third quarter worth approximately $789,000. Jupiter Asset Management Ltd. purchased a new position in shares of JBG SMITH Properties in the fourth quarter worth approximately $1,364,000. Finally, Marnell Management LLC purchased a new position in shares of JBG SMITH Properties in the fourth quarter worth approximately $6,557,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

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.