George Laucks Xanders Sells 5,600 Shares of JBG SMITH Properties (NYSE:JBGS) Stock

Key Points

• George Laucks Xanders, CIO of JBG SMITH Properties, sold 5,600 shares of the company on July 31st, significantly reducing his ownership by 67.07% after the sale.
• Following the sale, JBG SMITH's stock traded down 1.3%, reaching $20.91, with a market capitalization of $1.53 billion.
• The company recently reported a quarterly earnings per share of $0.19, surpassing estimates, and announced a dividend payout of $0.175 per share, indicating a yield of 3.3%.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) CIO George Laucks Xanders sold 5,600 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total value of $120,792.00. Following the sale, the executive directly owned 2,750 shares in the company, valued at $59,317.50. This trade represents a 67.07% 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.

JBG SMITH Properties Trading Down 1.3%

Shares of NYSE JBGS traded down $0.27 during trading hours on Friday, hitting $20.91. 1,657,209 shares of the company traded hands, compared to its average volume of 1,171,613. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -11.06 and a beta of 1.24. The company has a current ratio of 3.54, a quick ratio of 3.40 and a debt-to-equity ratio of 1.88. The company's 50 day moving average price is $17.97 and its 200 day moving average price is $16.21. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $22.45.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.73. The firm had revenue of $126.48 million for the quarter, compared to the consensus estimate of $116.76 million. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is -37.04%.

Hedge Funds Weigh In On JBG SMITH Properties

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in shares of JBG SMITH Properties by 814.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after buying an additional 2,289 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of JBG SMITH Properties by 1,052.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after buying an additional 2,390 shares during the period. Versant Capital Management Inc lifted its holdings in shares of JBG SMITH Properties by 113.7% in the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock worth $54,000 after buying an additional 1,795 shares during the period. US Bancorp DE lifted its holdings in shares of JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock worth $61,000 after buying an additional 2,093 shares during the period. Finally, MAI Capital Management lifted its holdings in shares of JBG SMITH Properties by 103.5% in the 1st quarter. MAI Capital Management now owns 4,184 shares of the company's stock worth $67,000 after buying an additional 2,128 shares during the period. Institutional investors own 98.46% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a research report on Monday, May 19th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.