JBG SMITH Properties (NYSE:JBGS) Posts Quarterly Earnings Results, Beats Expectations By $0.52 EPS

JBG SMITH Properties (NYSE:JBGS) announced its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.52, Zacks reports. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Stock Performance

NYSE JBGS traded down $0.21 during trading hours on Tuesday, hitting $14.98. 1,327,344 shares of the stock were exchanged, compared to its average volume of 538,273. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -11.52 and a beta of 1.11. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86. The stock has a 50-day moving average of $15.36 and a 200 day moving average of $16.54. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.67%. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $18.00 to $15.00 in a research note on Tuesday, December 3rd.

JBG SMITH Properties Company Profile

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.