George Laucks Xanders Sells 2,750 Shares of JBG SMITH Properties (NYSE:JBGS) 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 the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $23.48, for a total transaction of $64,570.00. Following the completion of the sale, the executive directly owned 4,000 shares of the company's stock, valued at approximately $93,920. This trade represents a 40.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction 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 transaction of $120,792.00.

JBG SMITH Properties Stock Down 1.5%

Shares of JBGS traded down $0.37 during mid-day trading on Friday, hitting $23.68. The company's stock had a trading volume of 6,730,183 shares, compared to its average volume of 974,735. The company's 50-day moving average is $20.80 and its 200-day moving average is $17.77. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $24.30. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -12.53 and a beta of 1.33. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The firm had revenue of $126.48 million during the quarter, compared to analysts' expectations of $116.76 million.

JBG SMITH Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBGS. Evercore ISI reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a research report on Monday. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell" and an average price target of $17.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of JBG SMITH Properties by 554.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company's stock worth $10,847,000 after buying an additional 570,428 shares during the last quarter. HRT Financial LP purchased a new position in shares of JBG SMITH Properties in the second quarter worth $5,295,000. Nuveen LLC purchased a new position in shares of JBG SMITH Properties in the first quarter worth $4,364,000. Long Pond Capital LP raised its holdings 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 during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of JBG SMITH Properties in the second quarter worth $3,183,000. Hedge funds and other institutional investors own 98.46% of the company's stock.

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.