JBG SMITH Properties (NYSE:JBGS) Insider Steven Museles Sells 20,010 Shares of Stock

JBG SMITH Properties (NYSE:JBGS) insider Steven Museles sold 20,010 shares of JBG SMITH Properties stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the sale, the insider owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. This represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $15.03 on Wednesday. JBG SMITH Properties has a 1-year low of $13.99 and a 1-year high of $24.30. The stock has a market cap of $875.76 million, a PE ratio of -8.04 and a beta of 1.08. The firm has a 50-day simple moving average of $14.88 and a two-hundred day simple moving average of $15.96. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 4.53.

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

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in JBG SMITH Properties by 32.1% in the first quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock worth $515,000 after acquiring an additional 7,759 shares during the last quarter. AQR Capital Management LLC purchased a new position in JBG SMITH Properties in the first quarter worth approximately $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in JBG SMITH Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock worth $781,000 after acquiring an additional 2,118 shares during the last quarter. Empowered Funds LLC lifted its stake in JBG SMITH Properties by 12.8% in the first quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock worth $283,000 after acquiring an additional 1,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in JBG SMITH Properties by 554.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after acquiring an additional 570,428 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties currently has a consensus rating of “Sell” and an average target price of $18.50.

About JBG SMITH Properties

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.