Insider Selling: JBG SMITH Properties (NYSE:JBGS) CIO Sells $93,760.00 in 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 JBG SMITH Properties 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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 value of $120,792.00.

JBG SMITH Properties Price Performance

Shares of JBGS traded up $0.15 during mid-day trading on Monday, hitting $23.66. The company's stock had a trading volume of 846,157 shares, compared to its average volume of 944,063. The firm has a 50-day simple moving average of $20.33 and a 200 day simple moving average of $17.56. The firm has a market capitalization of $1.46 billion, a P/E ratio of 36.17 and a beta of 1.33. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $23.75. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. The business had revenue of $126.48 million for the quarter, compared to analyst estimates 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 business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is -37.04%.

Institutional Trading of JBG SMITH Properties

Several institutional investors have recently made changes to their positions in JBGS. Long Pond Capital LP increased its stake in shares of JBG SMITH Properties by 6.4% in the second quarter. Long Pond Capital LP now owns 3,834,033 shares of the company's stock worth $66,329,000 after acquiring an additional 230,150 shares during the last quarter. Citigroup Inc. increased its stake in shares of JBG SMITH Properties by 1.0% in the first quarter. Citigroup Inc. now owns 3,166,389 shares of the company's stock worth $51,011,000 after acquiring an additional 29,805 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of JBG SMITH Properties by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company's stock worth $37,033,000 after acquiring an additional 78,737 shares during the last quarter. Private Management Group Inc. increased its stake in shares of JBG SMITH Properties by 0.7% in the first quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock worth $27,906,000 after acquiring an additional 11,669 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of JBG SMITH Properties by 1.9% in the first quarter. Northern Trust Corp now owns 1,662,628 shares of the company's stock worth $26,785,000 after acquiring an additional 30,998 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on JBGS shares. Evercore ISI reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a report on Monday. Wall Street Zen raised JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell" and a consensus target price of $17.00.

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.

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