JBG SMITH Properties (NYSE:JBGS) Announces Quarterly Earnings Results, Beats Expectations By $0.73 EPS

Key Points

• JBG SMITH Properties reported earnings of $0.19 per share for the quarter, with a negative return on equity of 8.59% and a net margin of 30.02%.
• The company announced a quarterly dividend of $0.175 per share, representing an annualized rate of $0.70 and a dividend yield of 3.65%.
• Evercore ISI set a new price target for JBG SMITH Properties at $17.00, maintaining an "underperform" rating on the stock.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) posted its earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73, Zacks reports. 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 Stock Performance

Shares of NYSE JBGS traded down $0.27 during trading hours on Friday, hitting $20.91. 1,657,209 shares of the stock were exchanged, compared to its average volume of 886,513. The firm has a market capitalization of $1.29 billion, a P/E ratio of -11.06 and a beta of 1.28. JBG SMITH Properties has a one year low of $13.28 and a one year high of $22.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.40. The company's 50 day moving average is $18.06 and its 200 day moving average is $16.25.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is currently -37.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JBGS shares. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday. Evercore ISI upped their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, May 19th.

Insider Buying and Selling at JBG SMITH Properties

In other news, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total value of $120,792.00. Following the transaction, the executive directly owned 2,750 shares in the company, valued at approximately $59,317.50. The trade was a 67.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

Institutional Trading of JBG SMITH Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in JBG SMITH Properties during the first quarter valued at about $166,000. Empowered Funds LLC raised its stake in shares of JBG SMITH Properties by 12.8% in the first quarter. Empowered Funds LLC now owns 17,555 shares of the company's stock valued at $283,000 after purchasing an additional 1,998 shares in the last quarter. Royal Bank of Canada lifted its position in JBG SMITH Properties by 32.1% in the first quarter. Royal Bank of Canada now owns 31,940 shares of the company's stock worth $515,000 after purchasing an additional 7,759 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company's stock valued at $781,000 after buying an additional 2,118 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of JBG SMITH Properties by 554.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company's stock valued at $10,847,000 after buying an additional 570,428 shares in the last quarter. Institutional investors and hedge funds 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.