JBG SMITH Properties (NYSE:JBGS) Posts Quarterly Earnings Results

JBG SMITH Properties (NYSE:JBGS) released its quarterly earnings data on Monday. The company reported ($1.03) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $129.38 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 Stock Down 7.6%

JBGS stock opened at $11.24 on Tuesday. The stock’s 50 day simple moving average is $14.35 and its 200 day simple moving average is $14.98. The company has a market cap of $654.84 million, a P/E ratio of -6.01 and a beta of 1.07. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53. JBG SMITH Properties has a fifty-two week low of $10.77 and a fifty-two week high of $24.30.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, August 13th. JBG SMITH Properties’s payout ratio is presently -37.43%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Capital One Financial set a $13.00 price target on JBG SMITH Properties in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Strong Sell” and an average target price of $16.67.

Insider Buying and Selling

In other news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.01, for a total transaction of $300,350.10. Following the transaction, the insider directly owned 12,032 shares of the company’s stock, valued at $180,600.32. This represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JBGS. BlackRock Inc. bought a new stake in shares of JBG SMITH Properties during the second quarter worth about $164,185,000. Long Pond Capital LP boosted its stake in JBG SMITH Properties by 28.4% during the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after purchasing an additional 918,505 shares during the last quarter. Morgan Stanley increased its holdings in JBG SMITH Properties by 56.5% during the 4th quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after purchasing an additional 1,218,460 shares in the last quarter. Wellington Management Group LLP bought a new stake in JBG SMITH Properties during the 3rd quarter worth approximately $15,125,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 worth $10,847,000 after purchasing an additional 570,428 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

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.