JBG SMITH Properties (NYSE:JBGS – Get Free Report) insider Steven Museles sold 20,010 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the sale, the insider directly owned 12,032 shares in the company, valued at $180,600.32. This trade represents a 62.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
JBG SMITH Properties Price Performance
Shares of NYSE JBGS opened at $14.51 on Friday. 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 $13.99 and a fifty-two week high of $24.30. The firm has a market capitalization of $845.47 million, a PE ratio of -7.76 and a beta of 1.08. The stock’s 50-day simple moving average is $14.88 and its 200-day simple moving average is $15.92.
JBG SMITH Properties (NYSE:JBGS – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. The firm 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 Dividend Announcement
Analysts Set New Price Targets
JBGS has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $18.50.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in shares of 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 buying an additional 650 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 stake in JBG SMITH Properties during the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC boosted its position 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. Finally, Royal Bank of Canada boosted its position in JBG SMITH Properties by 20.6% during the fourth quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock valued at $84,000 after purchasing an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.
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.
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