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

Shares of JBG SMITH Properties (NYSE:JBGS) reached a new 52-week low during trading on Tuesday . The company traded as low as $14.00 and last traded at $14.13, with a volume of 201902 shares changing hands. The stock had previously closed at $14.60.

Analyst Upgrades and Downgrades

JBGS has been the subject of a number of research analyst reports. 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. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell” and a consensus price target of $18.50.

JBG SMITH Properties Trading Down 2.9%

The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. The firm’s 50-day moving average price is $14.96 and its 200 day moving average price is $16.40. The company has a market cap of $826.13 million, a price-to-earnings ratio of -7.55 and a beta of 1.09.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly 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 company had revenue of $127.60 million during the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, May 14th. JBG SMITH Properties’s dividend payout ratio is -37.43%.

Institutional Investors Weigh In On JBG SMITH Properties

Several hedge funds and other institutional investors have recently modified their holdings of JBGS. Jefferies Financial Group Inc. bought a new position in shares of JBG SMITH Properties in the 3rd quarter worth $1,946,000. Allianz Asset Management GmbH raised its holdings in JBG SMITH Properties by 51.4% during the third quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock worth $17,893,000 after buying an additional 273,118 shares during the last quarter. SG Americas Securities LLC raised its holdings in JBG SMITH Properties by 7,444.7% during the fourth quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after buying an additional 377,895 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of JBG SMITH Properties during the third quarter valued at about $789,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of JBG SMITH Properties during the third quarter valued at about $720,000. 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.