JBG SMITH Properties (NYSE:JBGS) Insider Sells $300,350.10 in Stock

JBG SMITH Properties (NYSE:JBGS) insider Steven Museles sold 20,010 shares of JBG SMITH Properties 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 directly owned 12,032 shares in the company, valued at approximately $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

JBG SMITH Properties Stock Performance

NYSE JBGS traded up $0.14 during trading on Tuesday, reaching $15.03. 520,539 shares of the company’s stock were exchanged, compared to its average volume of 567,368. The business has a 50 day moving average price of $14.88 and a 200-day moving average price of $15.98. The stock has a market capitalization of $875.76 million, a P/E ratio of -8.04 and a beta of 1.08. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 4.53. JBG SMITH Properties has a fifty-two week low of $13.99 and a fifty-two week high of $24.30.

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

JBG SMITH Properties Announces Dividend

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

Hedge Funds Weigh In On JBG SMITH Properties

Institutional investors have recently bought and sold shares of the business. Long Pond Capital LP boosted its holdings in shares of JBG SMITH Properties by 28.4% during the fourth quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock worth $70,547,000 after acquiring an additional 918,505 shares during the period. Morgan Stanley grew its position in shares of JBG SMITH Properties by 56.5% in the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock valued at $57,428,000 after purchasing an additional 1,218,460 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of JBG SMITH Properties in the third quarter valued at approximately $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of JBG SMITH Properties by 554.4% in the first 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 during the last quarter. Finally, Bank of America Corp DE grew its position in shares of JBG SMITH Properties by 17.0% in the third quarter. Bank of America Corp DE now owns 663,341 shares of the company’s stock valued at $14,759,000 after purchasing an additional 96,331 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties presently has an average rating of “Sell” and an average 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.