JBG SMITH Properties (NYSE:JBGS) Insider Steven Museles Sells 20,010 Shares

JBG SMITH Properties (NYSE:JBGS) insider Steven Museles sold 20,010 shares of the business’s stock in a transaction dated 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 sale, the insider owned 12,032 shares in the company, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

JBG SMITH Properties Stock Up 1.0%

Shares of JBG SMITH Properties stock traded up $0.14 during trading on Tuesday, reaching $15.03. The stock had a trading volume of 520,539 shares, compared to its average volume of 567,368. The company has a market capitalization of $875.76 million, a price-to-earnings ratio of -8.04 and a beta of 1.08. The stock has a fifty day moving average price of $14.88 and a two-hundred day moving average price of $15.98. JBG SMITH Properties has a 52 week low of $13.99 and a 52 week high of $24.30. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. The firm had revenue of $127.60 million during the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Thursday, May 14th. JBG SMITH Properties’s payout ratio is -37.43%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell” and an average price target of $18.50.

Institutional Trading of JBG SMITH Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi increased its position in shares of JBG SMITH Properties by 45.9% in the first quarter. Amundi now owns 69,668 shares of the company’s stock valued at $1,018,000 after acquiring an additional 21,910 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of JBG SMITH Properties in the first quarter valued at about $283,000. Yorkville Advisors Global LP acquired a new stake in shares of JBG SMITH Properties in the first quarter valued at about $2,103,000. First Trust Advisors LP increased its position in shares of JBG SMITH Properties by 25.5% in the first quarter. First Trust Advisors LP now owns 46,942 shares of the company’s stock valued at $686,000 after acquiring an additional 9,543 shares during the last quarter. Finally, Commonwealth Financial Services LLC acquired a new stake in shares of JBG SMITH Properties in the first quarter valued at about $222,000. Institutional investors and hedge funds 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.