JBG SMITH Properties (NYSE:JBGS) Sets New 12-Month Low – Here’s What Happened

JBG SMITH Properties (NYSE:JBGS) reached 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. The stock had previously closed at $14.33.

Analyst Ratings Changes

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

JBG SMITH Properties Stock Performance

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 cap of $804.52 million, a P/E ratio of -7.39 and a beta of 1.08. The company’s 50 day moving average is $14.88 and its 200 day moving average is $15.84.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, May 5th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $127.60 million for 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.1%. JBG SMITH Properties’s dividend payout ratio is currently -37.43%.

Insider Transactions at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 12,032 shares in the company, valued at $180,600.32. This trade represents a 62.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JBG SMITH Properties

Several large investors have recently modified their holdings of JBGS. Royal Bank of Canada increased its position in JBG SMITH Properties by 32.1% during the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock valued at $515,000 after purchasing an additional 7,759 shares during the period. AQR Capital Management LLC bought a new position in shares of JBG SMITH Properties in the 1st quarter worth about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after purchasing an additional 2,118 shares during the period. Empowered Funds LLC lifted its stake in shares of JBG SMITH Properties by 12.8% in the 1st quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock valued at $283,000 after purchasing an additional 1,998 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of JBG SMITH Properties by 554.4% during 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 valued at $10,847,000 after purchasing an additional 570,428 shares in the last quarter. Institutional investors 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.