JBG SMITH Properties (NYSE:JBGS) Sets New 1-Year High - Here's Why

Key Points

• JBG SMITH Properties (NYSE:JBGS) reached a new 52-week high of $23.43 during trading, with a recent last trade at $23.25 on significant volume.
• The company reported $0.19 earnings per share for the last quarter, exceeding estimates of -$0.54, alongside a revenue of $126.48 million.
• JBG SMITH Properties announced a quarterly dividend of $0.175 per share, representing an annualized yield of 3.0%, despite having a negative payout ratio of -37.04%.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.43 and last traded at $23.25, with a volume of 881349 shares changing hands. The stock had previously closed at $23.20.

Analyst Ratings Changes

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

JBG SMITH Properties Stock Down 0.1%

The business has a fifty day moving average of $20.33 and a 200 day moving average of $17.56. The firm has a market cap of $1.46 billion, a P/E ratio of -12.51 and a beta of 1.33. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88.

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, beating analysts' consensus estimates of ($0.54) by $0.73. The business had revenue of $126.48 million during the quarter, compared to the consensus estimate 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is currently -37.04%.

Insider Buying and Selling

In related news, insider Steven A. Museles sold 1,295 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $23.40, for a total value of $30,303.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CIO George Laucks Xanders sold 4,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $23.44, for a total value of $93,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,457 shares of company stock worth $661,800. Company insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On JBG SMITH Properties

Several large investors have recently modified their holdings of JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 acquiring an additional 570,428 shares in the last quarter. HRT Financial LP bought a new position in shares of JBG SMITH Properties during the second quarter worth about $5,295,000. Nuveen LLC bought a new position in shares of JBG SMITH Properties during the first quarter worth about $4,364,000. Long Pond Capital LP grew its holdings in shares of JBG SMITH Properties by 6.4% during 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. Finally, WINTON GROUP Ltd bought a new position in shares of JBG SMITH Properties during the second quarter worth about $3,183,000. 98.46% of the stock is currently owned by institutional investors.

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.