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

JBG SMITH Properties (NYSE:JBGS) announced its quarterly earnings data on Tuesday. The company reported ($0.32) earnings per share for the quarter, FiscalAI reports. The business had revenue of $127.60 million for the quarter. JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%.

JBG SMITH Properties Stock Performance

Shares of JBGS stock traded up $0.63 during trading hours on Tuesday, reaching $15.14. The stock had a trading volume of 598,947 shares, compared to its average volume of 568,056. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.63 and a quick ratio of 3.63. JBG SMITH Properties has a twelve month low of $14.03 and a twelve month high of $24.30. The firm has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $16.81. The firm has a market capitalization of $893.29 million, a PE ratio of -7.17 and a beta of 1.09.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.70 annualized dividend and a dividend yield of 4.6%. JBG SMITH Properties’s dividend payout ratio is currently -33.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its stake in shares of JBG SMITH Properties by 65.1% in the third quarter. CWM LLC now owns 1,294 shares of the company’s stock valued at $29,000 after purchasing an additional 510 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after buying an additional 650 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in JBG SMITH Properties by 151.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after buying an additional 987 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in JBG SMITH Properties in the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its position in JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after acquiring an additional 1,741 shares during the period. Institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

JBGS has been the topic of a number of recent research reports. Wall Street Zen cut shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $18.50.

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.