JBG SMITH Properties (NYSE:JBGS) Posts Quarterly Earnings Results

JBG SMITH Properties (NYSE:JBGS) released its quarterly earnings data on Monday. The company reported ($1.03) EPS for the quarter, FiscalAI reports. The business had revenue of $129.38 million during the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $12.16 on Monday. The company has a market capitalization of $708.44 million, a price-to-earnings ratio of -6.50 and a beta of 1.07. The company has a 50 day moving average of $14.41 and a two-hundred day moving average of $15.02. JBG SMITH Properties has a 52-week low of $11.32 and a 52-week high of $24.30. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 2.22.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is currently -37.43%.

Analyst Upgrades and Downgrades

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

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total value of $300,350.10. Following the transaction, the insider owned 12,032 shares in the company, valued at $180,600.32. The trade was a 62.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is owned by company insiders.

Institutional Trading of JBG SMITH Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of JBG SMITH Properties in the 2nd quarter worth approximately $164,185,000. Long Pond Capital LP increased its holdings in JBG SMITH Properties by 28.4% in the fourth quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock worth $70,547,000 after buying an additional 918,505 shares during the last quarter. Morgan Stanley boosted its holdings in shares of JBG SMITH Properties by 56.5% during the 4th quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after buying an additional 1,218,460 shares during the period. Wellington Management Group LLP acquired a new position in JBG SMITH Properties in the 3rd quarter valued at $15,125,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in JBG SMITH Properties by 554.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after acquiring an additional 570,428 shares during the period. Institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

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.