JBG SMITH Properties (NYSE:JBGS) Posts Earnings Results

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

JBG SMITH Properties Stock Down 0.2%

Shares of JBGS stock traded down $0.02 on Friday, hitting $12.43. The stock had a trading volume of 646,184 shares, compared to its average volume of 853,561. The business has a 50 day moving average of $11.27 and a 200 day moving average of $13.86. The stock has a market cap of $728.03 million, a price-to-earnings ratio of -4.76 and a beta of 1.12. 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 12-month low of $9.93 and a 12-month high of $18.79.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a $0.1750 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.70 annualized dividend and a dividend yield of 5.6%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. May Hill Capital LLC increased its stake in JBG SMITH Properties by 6.2% in the 3rd quarter. May Hill Capital LLC now owns 14,731 shares of the company’s stock valued at $148,000 after buying an additional 863 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of JBG SMITH Properties by 3.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,440 shares of the company’s stock worth $389,000 after buying an additional 914 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of JBG SMITH Properties by 4.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 33,133 shares of the company’s stock worth $333,000 after buying an additional 1,336 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of JBG SMITH Properties by 62.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company’s stock worth $47,000 after buying an additional 1,821 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of JBG SMITH Properties in the 2nd quarter worth approximately $72,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About JBG SMITH Properties

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.