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

JBG SMITH Properties (NYSE:JBGS) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.94 and last traded at $14.0220, with a volume of 151305 shares changing hands. The stock had previously closed at $14.33.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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 report on Monday, June 8th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $18.50.

JBG SMITH Properties Price Performance

The business has a 50-day moving average of $14.88 and a 200 day moving average of $15.84. 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 has a market capitalization of $804.52 million, a P/E ratio of -7.39 and a beta of 1.08.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) earnings per share (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 firm had revenue of $127.60 million during the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors 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 5.1%. The ex-dividend date was Thursday, May 14th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.43%.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction 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. The trade was a 62.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in shares of JBG SMITH Properties by 78.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in JBG SMITH Properties by 151.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after acquiring an additional 987 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in JBG SMITH Properties during the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC increased its holdings in JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in JBG SMITH Properties by 20.6% during the 4th quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock worth $84,000 after purchasing an additional 837 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.