Shares of JBG SMITH Properties (NYSE:JBGS – Get Rating) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.05 and last traded at $20.11, with a volume of 3268 shares traded. The stock had previously closed at $20.48.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on JBGS shares. BMO Capital Markets cut shares of JBG SMITH Properties from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $38.00 to $30.00 in a research report on Tuesday, May 31st. Evercore ISI reduced their target price on shares of JBG SMITH Properties from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday.
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JBG SMITH Properties Stock Down 2.8 %
The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a market capitalization of $2.28 billion, a P/E ratio of 35.93 and a beta of 0.89. The stock's fifty day simple moving average is $23.27 and its two-hundred day simple moving average is $25.25.
JBG SMITH Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend was Thursday, August 11th. JBG SMITH Properties's dividend payout ratio is currently 157.90%.
Insider Activity
In other news, CFO Madhumita Moina Banerjee sold 26,000 shares of the company's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $23.95, for a total value of $622,700.00. Following the sale, the chief financial officer now directly owns 4,000 shares of the company's stock, valued at approximately $95,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CIO George Laucks Xanders sold 7,000 shares of the company's stock in a transaction on Friday, September 9th. The shares were sold at an average price of $22.38, for a total value of $156,660.00. Following the sale, the executive now directly owns 8,350 shares of the company's stock, valued at approximately $186,873. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Madhumita Moina Banerjee sold 26,000 shares of the company's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $23.95, for a total transaction of $622,700.00. Following the completion of the sale, the chief financial officer now directly owns 4,000 shares in the company, valued at $95,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,847 shares of company stock valued at $1,814,787. 6.08% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Xponance Inc. lifted its position in shares of JBG SMITH Properties by 3.6% during the 2nd quarter. Xponance Inc. now owns 13,117 shares of the company's stock valued at $310,000 after acquiring an additional 458 shares during the period. abrdn plc lifted its position in shares of JBG SMITH Properties by 1.9% during the 1st quarter. abrdn plc now owns 27,286 shares of the company's stock valued at $799,000 after acquiring an additional 496 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of JBG SMITH Properties by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the company's stock valued at $830,000 after acquiring an additional 500 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of JBG SMITH Properties by 26.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,762 shares of the company's stock valued at $79,000 after acquiring an additional 574 shares during the period. Finally, Comerica Bank lifted its position in shares of JBG SMITH Properties by 1.2% during the 1st quarter. Comerica Bank now owns 53,488 shares of the company's stock valued at $1,485,000 after acquiring an additional 609 shares during the period. Institutional investors and hedge funds own 85.15% of the company's stock.
JBG SMITH Properties Company Profile
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JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.
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