JBG SMITH Properties (NYSE:JBGS – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $11.95 and last traded at $11.42, with a volume of 146093 shares. The stock had previously closed at $14.23.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, JBG SMITH Properties currently has a consensus rating of “Strong Sell” and an average price target of $18.50.
Check Out Our Latest Stock Analysis on JBGS
JBG SMITH Properties Stock Down 18.2%
JBG SMITH Properties (NYSE:JBGS – Get Free Report) last posted 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 net margin of 22.16% and a negative return on equity of 9.32%.
JBG SMITH Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.0%. JBG SMITH Properties’s dividend payout ratio is -37.43%.
Insider Activity
In related news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 12,032 shares in the company, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of JBGS. Morgan Stanley increased its position in JBG SMITH Properties by 56.5% during the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after buying an additional 1,218,460 shares during the last quarter. Long Pond Capital LP boosted its stake in shares of 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 worth $70,547,000 after acquiring an additional 918,505 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of JBG SMITH Properties during the 3rd quarter worth about $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of JBG SMITH Properties by 554.4% during the 1st 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 acquiring an additional 570,428 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of JBG SMITH Properties by 263.3% during the 3rd quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock valued at $11,915,000 after acquiring an additional 388,113 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.
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.
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