JBG SMITH Properties (NYSE:JBGS – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.05 and last traded at $11.0090, with a volume of 136340 shares changing hands. The stock had previously closed at $12.16.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Capital One Financial set a $13.00 price target on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Strong Sell” and an average target price of $16.67.
Check Out Our Latest Research Report on JBGS
JBG SMITH Properties Stock Performance
JBG SMITH Properties (NYSE:JBGS – Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($1.03) earnings per share for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%. The firm had revenue of $129.38 million for the quarter.
JBG SMITH Properties Announces Dividend
The company also recently disclosed 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is currently -37.43%.
Insider Buying and Selling at JBG SMITH Properties
In related news, insider Steven A. Museles sold 20,010 shares of JBG SMITH Properties stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider owned 12,032 shares of the company’s stock, valued at $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by company insiders.
Institutional Trading of JBG SMITH Properties
A number of institutional investors have recently bought and sold shares of JBGS. BlackRock Inc. acquired a new stake in JBG SMITH Properties during the 2nd quarter worth about $164,185,000. Deutsche Bank AG acquired a new position in shares of JBG SMITH Properties in the 2nd quarter valued at about $1,178,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at about $751,000. Bank of New York Mellon Corp bought a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at about $6,687,000. Finally, State of Wyoming acquired a new stake in JBG SMITH Properties during the second quarter worth approximately $72,000. 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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