JBG SMITH Properties (NYSE:JBGS) Issues Quarterly Earnings Results

JBG SMITH Properties (NYSE:JBGS) issued its earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, FiscalAI reports. The company had revenue of $127.60 million during the quarter. JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%.

JBG SMITH Properties Trading Up 4.6%

JBGS stock traded up $0.70 during trading on Wednesday, hitting $15.84. The company had a trading volume of 263,878 shares, compared to its average volume of 564,434. The stock has a market cap of $934.78 million, a PE ratio of -7.56 and a beta of 1.09. The business has a 50-day moving average of $15.02 and a 200-day moving average of $16.78. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 2.16. JBG SMITH Properties has a one year low of $14.03 and a one year high of $24.30.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a $0.175 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.70 annualized dividend and a yield of 4.4%. JBG SMITH Properties’s dividend payout ratio is presently -33.18%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $18.50.

Institutional Investors Weigh In On JBG SMITH Properties

A number of institutional investors have recently modified their holdings of JBGS. Bessemer Group Inc. lifted its holdings in JBG SMITH Properties by 34.7% in the first quarter. Bessemer Group Inc. now owns 397,711 shares of the company’s stock valued at $5,811,000 after buying an additional 102,557 shares during the period. Sanctuary Advisors LLC acquired a new stake in JBG SMITH Properties during the 1st quarter worth about $180,000. Principal Financial Group Inc. raised its position in shares of JBG SMITH Properties by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 287,687 shares of the company’s stock worth $4,203,000 after acquiring an additional 5,600 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of JBG SMITH Properties by 22.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,561 shares of the company’s stock valued at $607,000 after purchasing an additional 7,543 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of JBG SMITH Properties by 7.0% during the 1st quarter. Hsbc Holdings PLC now owns 113,691 shares of the company’s stock valued at $1,661,000 after purchasing an additional 7,454 shares in the last quarter. 98.46% of the stock is owned by 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.