JBG SMITH Properties (NYSE:JBGS) Shares Gap Down – Here’s What Happened

JBG SMITH Properties (NYSE:JBGS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $17.25, but opened at $16.80. JBG SMITH Properties shares last traded at $17.45, with a volume of 74,189 shares trading hands.

Wall Street Analysts Forecast Growth

JBGS has been the topic of several recent analyst reports. New Street Research set a $19.00 target price on JBG SMITH Properties in a report on Thursday, October 9th. Wall Street Zen downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday, October 8th. Finally, Evercore ISI lowered their target price on JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, November 14th. Two research analysts have rated the stock with a Sell rating, According to 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 stock’s 50 day moving average is $17.52 and its two-hundred day moving average is $19.52. The firm has a market capitalization of $1.04 billion, a P/E ratio of -8.55 and a beta of 1.15. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.67 and a quick ratio of 3.67.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.64. The firm had revenue of $123.87 million for the quarter, compared to analysts’ expectations of $120.57 million. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Tuesday, December 30th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.0%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -34.15%.

Insiders Place Their Bets

In other news, insider Steven A. Museles sold 16,253 shares of JBG SMITH Properties stock in a transaction on Friday, October 31st. The shares were sold at an average price of $19.58, for a total transaction of $318,233.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in JBG SMITH Properties in the third quarter valued at about $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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. Millennium Management LLC grew its position in shares of JBG SMITH Properties by 263.3% in the 3rd quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock valued at $11,915,000 after purchasing an additional 388,113 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of JBG SMITH Properties in the 3rd quarter valued at approximately $8,576,000. Finally, SG Americas Securities LLC increased its stake in JBG SMITH Properties by 7,444.7% during the 4th quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after purchasing an additional 377,895 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors.

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.