JBG SMITH Properties (NYSE:JBGS) Posts Earnings Results

JBG SMITH Properties (NYSE:JBGS) posted its quarterly earnings results on Tuesday. The company reported ($0.32) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $127.60 million during the quarter. JBG SMITH Properties had a negative return on equity of 9.16% and a negative net margin of 22.16%.

JBG SMITH Properties Stock Up 0.9%

NYSE:JBGS traded up $0.14 during mid-day trading on Thursday, reaching $15.94. The stock had a trading volume of 326,476 shares, compared to its average volume of 572,756. The business’s 50 day moving average is $15.02 and its 200 day moving average is $16.74. JBG SMITH Properties has a fifty-two week low of $14.03 and a fifty-two week high of $24.30. The stock has a market cap of $940.62 million, a P/E ratio of -8.49 and a beta of 1.09. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.175 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.70 dividend on an annualized basis and a yield of 4.4%. JBG SMITH Properties’s dividend payout ratio is currently -33.18%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JBGS shares. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Thursday, January 22nd. Wall Street Zen downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties has an average rating of “Sell” and a consensus price target of $18.50.

Institutional Investors Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in JBG SMITH Properties by 65.1% during 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 last quarter. Smartleaf Asset Management LLC grew its holdings in JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in JBG SMITH Properties by 151.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in JBG SMITH Properties during the fourth quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.