JBG SMITH Properties (NYSE:JBGS – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($1.41) earnings per share for the quarter, FiscalAI reports. JBG SMITH Properties had a negative return on equity of 13.31% and a negative net margin of 29.89%. The company had revenue of $132.41 million during the quarter.
JBG SMITH Properties Trading Down 0.2%
Shares of JBG SMITH Properties stock traded down $0.02 during trading on Friday, reaching $12.43. 646,184 shares of the company were exchanged, compared to its average volume of 853,561. The business has a 50-day moving average price of $11.27 and a 200-day moving average price of $13.86. The firm has a market capitalization of $728.03 million, a price-to-earnings ratio of -4.76 and a beta of 1.12. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a twelve month low of $9.93 and a twelve month high of $18.79.
JBG SMITH Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be paid a dividend of $0.1750 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.6%. JBG SMITH Properties’s payout ratio is -26.82%.
Hedge Funds Weigh In On JBG SMITH Properties
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of JBG SMITH Properties in the 2nd quarter valued at about $164,185,000. Private Management Group Inc. grew its holdings in JBG SMITH Properties by 68.8% during the third quarter. Private Management Group Inc. now owns 2,832,828 shares of the company’s stock valued at $28,442,000 after purchasing an additional 1,155,019 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JBG SMITH Properties by 16,414.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock valued at $7,331,000 after purchasing an additional 496,696 shares during the period. Bank of New York Mellon Corp acquired a new position in JBG SMITH Properties during the second quarter valued at approximately $6,687,000. Finally, Bessemer Group Inc. grew its holdings in JBG SMITH Properties by 34.7% during the first quarter. Bessemer Group Inc. now owns 397,711 shares of the company’s stock valued at $5,811,000 after purchasing an additional 102,557 shares during the period. Institutional investors own 98.46% of the company’s stock.
Analyst Upgrades and Downgrades
JBGS has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a research report on Tuesday, August 4th. Evercore restated an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a research report on Monday, September 21st. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Three analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average target price of $12.50.
Get Our Latest Research Report on JBGS
JBG SMITH Properties Company Profile
JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.
The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.
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