Insider Selling: JBG SMITH Properties (NYSE:JBGS) CIO Sells 5,600 Shares of 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 business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the sale, the executive directly owned 2,750 shares of the company's stock, valued at $59,317.50. This represents a 67.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

JBG SMITH Properties Stock Down 1.1%

NYSE JBGS traded down $0.23 during mid-day trading on Tuesday, hitting $20.34. The company's stock had a trading volume of 220,223 shares, compared to its average volume of 1,168,601. The company's 50 day simple moving average is $18.15 and its 200 day simple moving average is $16.30. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $22.45. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -10.77 and a beta of 1.28.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 29.54% and a negative return on equity of 9.20%.

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's payout ratio is -37.04%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday. Evercore ISI raised their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research report on Monday, May 19th.

Hedge Funds Weigh In On JBG SMITH Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted 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 last quarter. Farther Finance Advisors LLC boosted 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 last quarter. Versant Capital Management Inc lifted its holdings in JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after purchasing an additional 1,795 shares during the last quarter. US Bancorp DE lifted its holdings in JBG SMITH Properties by 123.6% during the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after purchasing an additional 2,093 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in JBG SMITH Properties by 103.5% during the first quarter. MAI Capital Management now owns 4,184 shares of the company's stock valued at $67,000 after purchasing an additional 2,128 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

About JBG SMITH Properties

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.