JBG SMITH Properties (NYSE:JBGS) Releases Earnings Results

JBG SMITH Properties (NYSE:JBGS) issued its quarterly earnings results on Friday. The company reported ($1.41) earnings per share (EPS) for the quarter, FiscalAI reports. JBG SMITH Properties had a negative net margin of 29.89% and a negative return on equity of 13.31%. The business had revenue of $132.41 million for the quarter.

JBG SMITH Properties Stock Down 0.2%

Shares of JBGS opened at $12.43 on Friday. The firm has a market cap of $727.98 million, a P/E ratio of -3.51 and a beta of 1.12. The stock has a 50 day simple moving average of $11.27 and a two-hundred day simple moving average of $13.86. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89. JBG SMITH Properties has a 1 year low of $9.93 and a 1 year high of $18.79.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be paid a $0.1750 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.70 annualized dividend and a yield of 5.6%. JBG SMITH Properties’s dividend payout ratio is currently -19.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JBGS shares. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Evercore reissued an “underperform” rating and issued a $12.00 price target on shares of JBG SMITH Properties in a research note on Monday, September 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Friday, September 4th. Finally, Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat, JBG SMITH Properties presently has a consensus rating of “Strong Sell” and a consensus target price of $12.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of JBG SMITH Properties in the second quarter worth about $164,185,000. Private Management Group Inc. raised its position in JBG SMITH Properties by 68.8% during the 3rd quarter. Private Management Group Inc. now owns 2,832,828 shares of the company’s stock valued at $28,442,000 after purchasing an additional 1,155,019 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JBG SMITH Properties by 16,414.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock valued at $7,331,000 after purchasing an additional 496,696 shares during the last quarter. Bank of New York Mellon Corp bought a new position in JBG SMITH Properties during the 2nd quarter valued at approximately $6,687,000. Finally, Legal & General Group Plc purchased a new stake in JBG SMITH Properties in the 2nd quarter worth approximately $4,893,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.