George Laucks Xanders Sells 4,000 Shares of JBG SMITH Properties (NYSE:JBGS) Stock

Key Points

• JBG SMITH Properties CIO George Laucks Xanders sold 4,000 shares of the company's stock for a total of $93,760 at an average price of $23.44 on September 12th.
• The company reported $0.19 EPS for the last quarter, beating analysts' expectations significantly, alongside revenues of $126.48 million.
• JBG SMITH Properties announced a quarterly dividend of $0.175, resulting in an annualized dividend yield of 3.0%.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) CIO George Laucks Xanders sold 4,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $23.44, for a total transaction of $93,760.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

George Laucks Xanders also recently made the following trade(s):

• On Thursday, September 11th, George Laucks Xanders sold 2,750 shares of JBG SMITH Properties stock. The shares were sold at an average price of $23.48, for a total transaction of $64,570.00.
• On Thursday, July 31st, George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00.

JBG SMITH Properties Price Performance

NYSE JBGS traded down $0.37 on Friday, reaching $23.68. The company had a trading volume of 6,730,183 shares, compared to its average volume of 974,735. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $1.46 billion, a PE ratio of -12.53 and a beta of 1.33. The firm's 50 day moving average price is $20.80 and its 200 day moving average price is $17.77. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $24.30.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. The company 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.0%. JBG SMITH Properties's payout ratio is -37.04%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JBGS. Evercore ISI restated an "underperform" rating on shares of JBG SMITH Properties in a report on Monday. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of "Sell" and a consensus target price of $17.00.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds have recently added to or reduced their stakes in JBGS. Farther Finance Advisors LLC grew its holdings in JBG SMITH Properties by 1,052.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after purchasing an additional 2,390 shares during the last quarter. Versant Capital Management Inc boosted its position in JBG SMITH Properties by 113.7% in the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after buying an additional 1,795 shares during the period. EverSource Wealth Advisors LLC boosted its position in JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company's stock valued at $57,000 after buying an additional 1,741 shares during the period. US Bancorp DE boosted its position in JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after buying an additional 2,093 shares during the period. Finally, MAI Capital Management boosted its position in JBG SMITH Properties by 103.5% in the 1st quarter. MAI Capital Management now owns 4,184 shares of the company's stock valued at $67,000 after buying an additional 2,128 shares during the period. 98.46% of the stock is currently owned by 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.