Angela Valdes Sells 10,098 Shares of JBG SMITH Properties (NYSE:JBGS) Stock

Key Points

• Angela Valdes, CAO of JBG SMITH Properties, sold 10,098 shares of the company's stock for approximately $217,410 at an average price of $21.53.
• The company reported $0.19 earnings per share (EPS) for the latest quarter, exceeding analysts' expectations by $0.73.
• JBG SMITH Properties has recently announced a quarterly dividend of $0.175 per share, with a dividend yield of 3.3%, to be paid on August 21st.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The transaction was disclosed in a document filed with the SEC, which is available at this link.

JBG SMITH Properties Stock Performance

Shares of NYSE:JBGS traded down $0.23 during midday trading on Tuesday, hitting $20.34. The stock had a trading volume of 220,223 shares, compared to its average volume of 1,168,601. The company has a market capitalization of $1.26 billion, a PE ratio of -10.77 and a beta of 1.28. The stock has a 50 day moving average price of $18.15 and a two-hundred day moving average price of $16.30. 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 has a 1 year low of $13.28 and a 1 year high of $22.45.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%. JBG SMITH Properties's payout ratio is presently -37.04%.

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased 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 acquiring an additional 2,289 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of JBG SMITH Properties by 1,052.9% in the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after buying an additional 2,390 shares during the last quarter. Versant Capital Management Inc raised its holdings in JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock worth $54,000 after purchasing an additional 1,795 shares during the last quarter. US Bancorp DE raised its holdings in JBG SMITH Properties by 123.6% during the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock worth $61,000 after purchasing an additional 2,093 shares during the last quarter. Finally, MAI Capital Management grew its position in shares of JBG SMITH Properties by 103.5% during 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 and hedge funds own 98.46% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday. Evercore ISI raised their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a research report on Monday, May 19th.

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.