JBG SMITH Properties (NYSE:JBGS) CIO Sells $64,570.00 in Stock

Key Points

• George Laucks Xanders, the Chief Investment Officer of JBG SMITH Properties, sold 2,750 shares of the company's stock for a total of $64,570, decreasing his holdings by 40.74%.
• JBG SMITH Properties reported a quarterly earnings per share (EPS) of $0.19, significantly exceeding the consensus estimate of ($0.54), along with a revenue of $126.48 million.
• The company recently declared a quarterly dividend of $0.175 per share, resulting in an annualized yield of 3.0% for shareholders.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) CIO George Laucks Xanders sold 2,750 shares of JBG SMITH Properties stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $23.48, for a total value of $64,570.00. Following the completion of the sale, the executive directly owned 4,000 shares of the company's stock, valued at $93,920. The trade was a 40.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, September 12th, George Laucks Xanders sold 4,000 shares of JBG SMITH Properties stock. The stock was sold at an average price of $23.44, for a total value of $93,760.00.
• On Thursday, July 31st, George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock. The stock was sold at an average price of $21.57, for a total value of $120,792.00.

JBG SMITH Properties Stock Performance

Shares of JBGS traded up $0.15 during trading hours on Monday, hitting $23.66. The stock had a trading volume of 846,157 shares, compared to its average volume of 944,063. The stock has a fifty day moving average price of $20.33 and a 200 day moving average price of $17.56. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $23.75. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54. The firm has a market capitalization of $1.46 billion, a PE ratio of 36.17 and a beta of 1.33.

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

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's payout ratio is currently -37.04%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of hedge funds have recently made changes to their positions in the company. Long Pond Capital LP lifted its position 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 buying an additional 230,150 shares in the last quarter. Citigroup Inc. lifted its position 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 buying an additional 29,805 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 78,737 shares in the last quarter. Private Management Group Inc. raised its position in JBG SMITH Properties by 0.7% during the first quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock valued at $27,906,000 after purchasing an additional 11,669 shares during the period. Finally, Northern Trust Corp raised its position in JBG SMITH Properties by 1.9% during the first quarter. Northern Trust Corp now owns 1,662,628 shares of the company's stock valued at $26,785,000 after purchasing an additional 30,998 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI reissued 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 presently has a consensus rating of "Sell" and an average price target of $17.00.

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.

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