JBG SMITH Properties (NYSE:JBGS) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other equities research analysts have also recently issued reports on JBGS. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Wednesday, October 8th. New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a research report on Thursday, October 9th. Finally, Evercore ISI lowered their price target on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average price target of $17.67.

JBG SMITH Properties Stock Performance

JBG SMITH Properties stock opened at $18.96 on Friday. The company’s 50-day moving average price is $21.72 and its 200-day moving average price is $19.11. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $24.30. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 2.06. The company has a market cap of $1.12 billion, a PE ratio of -9.25 and a beta of 1.31.

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

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.7%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -34.15%.

Insiders Place Their Bets

In other JBG SMITH Properties news, insider Steven A. Museles sold 16,253 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $19.58, for a total value of $318,233.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CIO George Laucks Xanders sold 4,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $23.44, for a total transaction of $93,760.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,015 shares of company stock valued at $933,040. Insiders own 4.40% of the company’s stock.

Institutional Trading of JBG SMITH Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its stake in shares of JBG SMITH Properties by 65.1% in the third quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after acquiring an additional 510 shares during the period. Farther Finance Advisors LLC increased its stake in shares of JBG SMITH Properties by 20.9% in the third quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after acquiring an additional 569 shares during the period. Ballentine Partners LLC increased its stake in shares of JBG SMITH Properties by 4.5% in the third quarter. Ballentine Partners LLC now owns 13,789 shares of the company’s stock worth $307,000 after acquiring an additional 599 shares during the period. Teacher Retirement System of Texas increased its stake in shares of JBG SMITH Properties by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company’s stock worth $216,000 after acquiring an additional 710 shares during the period. Finally, MAI Capital Management increased its stake in shares of JBG SMITH Properties by 17.1% in the second quarter. MAI Capital Management now owns 4,901 shares of the company’s stock worth $85,000 after acquiring an additional 717 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.