JBG SMITH Properties (NYSE:JBGS) Reaches New 12-Month Low - What's Next?

Key Points

• JBG SMITH Properties fell to a new 52-week low of $11.05, down 9.9% from the prior close, with the stock trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains weak: MarketBeat reports a consensus rating of “Strong Sell” from three sell-rated analysts, despite an average price target of $16.67.
• The company reported a quarterly loss of $1.03 per share on $129.38 million in revenue, while declaring a quarterly dividend of $0.175 per share, implying a 6.4% annualized yield.

Shares of JBG SMITH Properties (NYSE:JBGS - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $11.05 and last traded at $11.0090, with a volume of 136340 shares trading hands. The stock had previously closed at $12.16.

Analyst Ratings Changes

A number of brokerages have issued reports on JBGS. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. BMO Capital Markets reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Three analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Strong Sell" and an average price target of $16.67.

JBG SMITH Properties Trading Down 9.9%

The firm has a 50-day moving average of $14.41 and a two-hundred day moving average of $15.02. The firm has a market capitalization of $638.24 million, a P/E ratio of -5.86 and a beta of 1.07. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($1.03) earnings per share (EPS) for the quarter. The business had revenue of $129.38 million during the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%.

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 6.4%. JBG SMITH Properties's payout ratio is -37.43%.

Insider Transactions at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the company's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider directly owned 12,032 shares in the company, valued at $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of JBG SMITH Properties

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of JBG SMITH Properties by 151.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company's stock worth $36,000 after buying an additional 987 shares in the last quarter. Smartleaf Asset Management LLC grew its position in JBG SMITH Properties by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company's stock worth $38,000 after acquiring an additional 765 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in JBG SMITH Properties during the 4th quarter worth $39,000. EverSource Wealth Advisors LLC increased its holdings in JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company's stock worth $57,000 after purchasing an additional 1,741 shares in the last quarter. Finally, State of Wyoming acquired a new position in JBG SMITH Properties in the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 98.46% of the company's stock.

About JBG SMITH Properties

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company's portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.

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