JBG SMITH Properties (NYSE:JBGS) Hits New 52-Week Low – Time to Sell?

JBG SMITH Properties (NYSE:JBGS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.95 and last traded at $11.42, with a volume of 146093 shares. The stock had previously closed at $14.23.

Wall Street Analyst Weigh In

JBGS has been the subject of a number of analyst reports. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties presently has an average rating of “Strong Sell” and an average price target of $16.67.

JBG SMITH Properties Stock Performance

The stock’s fifty day simple moving average is $14.52 and its two-hundred day simple moving average is $15.10. The company has a market cap of $713.34 million, a price-to-earnings ratio of -6.55 and a beta of 1.07. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.The firm had revenue of $127.60 million for the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio (DPR) is -37.43%.

Insider Buying and Selling at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the firm’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 value of $300,350.10. Following the transaction, the insider owned 12,032 shares in the company, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of JBG SMITH Properties

A number of institutional investors have recently added to or reduced their stakes in JBGS. Amundi lifted its stake in shares of JBG SMITH Properties by 45.9% during the first quarter. Amundi now owns 69,668 shares of the company’s stock worth $1,018,000 after purchasing an additional 21,910 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $283,000. Yorkville Advisors Global LP acquired a new position in JBG SMITH Properties during the 1st quarter worth approximately $2,103,000. First Trust Advisors LP grew its position in JBG SMITH Properties by 25.5% in the first quarter. First Trust Advisors LP now owns 46,942 shares of the company’s stock valued at $686,000 after acquiring an additional 9,543 shares in the last quarter. Finally, Commonwealth Financial Services LLC purchased a new stake in shares of JBG SMITH Properties during the first quarter valued at approximately $222,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Company Profile

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.