JBG SMITH Properties (NYSE:JBGS) Shares Gap Down Following Analyst Downgrade

Key Points

• JBG SMITH Properties shares gapped down after Evercore ISI lowered their price target from $20.00 to $19.00, with the stock last trading at $22.50.
• Wall Street Zen upgraded the stock from a "sell" to a "hold" rating, while the consensus rating remains a "sell" with an average target price of $17.00.
• Insider selling peaked as CIO George Laucks Xanders and CAO Angela Valdes sold shares at average prices of $21.57 and $21.53, respectively, significantly reducing their ownership.

JBG SMITH Properties (NYSE:JBGS - Get Free Report)'s stock price gapped down before the market opened on Monday after Evercore ISI lowered their price target on the stock from $20.00 to $19.00. The stock had previously closed at $22.73, but opened at $21.67. Evercore ISI currently has an underperform rating on the stock. JBG SMITH Properties shares last traded at $22.50, with a volume of 149,410 shares traded.

Separately, Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell" and a consensus price target of $17.00.

Insider Buying and Selling at JBG SMITH Properties

In other JBG SMITH Properties news, CIO George Laucks Xanders sold 5,600 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the transaction, the executive owned 2,750 shares in the company, valued at $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Angela Valdes sold 10,098 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total transaction of $217,409.94. The disclosure for this sale can be found here. Insiders sold 16,993 shares of company stock worth $368,505 over the last 90 days. 4.40% of the stock is owned by insiders.

Institutional Investors Weigh In On JBG SMITH Properties

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of JBG SMITH Properties by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company's stock worth $713,000 after acquiring an additional 662 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of JBG SMITH Properties by 6.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company's stock worth $216,000 after acquiring an additional 710 shares during the last quarter. MAI Capital Management lifted its holdings in shares of JBG SMITH Properties by 17.1% in the 2nd quarter. MAI Capital Management now owns 4,901 shares of the company's stock worth $85,000 after acquiring an additional 717 shares during the last quarter. Aberdeen Group plc lifted its holdings in shares of JBG SMITH Properties by 3.6% in the 1st quarter. Aberdeen Group plc now owns 22,285 shares of the company's stock worth $359,000 after acquiring an additional 777 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of JBG SMITH Properties by 2.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company's stock worth $675,000 after acquiring an additional 798 shares during the last quarter. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Up 0.6%

The company's fifty day moving average price is $20.19 and its 200-day moving average price is $17.47. The stock has a market cap of $1.45 billion, a P/E ratio of -12.43 and a beta of 1.33. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54.

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

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.175 dividend. 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 dividend payout ratio (DPR) is currently -37.04%.

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.