Scott A. Estes, a director at JBG Smith Properties (NYSE:JBGS), recently sold 20,000 common shares of the company. The shares were sold on November 1st at an average price of $17.26 per share, amounting to a total transaction value of $345,200. Following this sale, Estes retains ownership of 30,000 shares in the real estate investment trust. The sales were executed at prices ranging from $17.17 to $17.31, as disclosed in the filing.
InvestingPro Insights
The recent insider sale by Scott A. Estes at JBG Smith Properties (NYSE:JBGS) comes at a time when the company's stock is trading near its 52-week high, with the price at 90.56% of its peak. This positioning aligns with an InvestingPro Tip indicating that JBGS is trading at a high EBIT valuation multiple, suggesting the stock may be relatively expensive compared to its earnings.
Despite the director's sale, InvestingPro data reveals that JBGS offers a dividend yield of 4.14%, which could be attractive to income-focused investors. However, it's worth noting that the dividend growth has been negative, with a 22.22% decrease in the last twelve months as of Q3 2024.
Another InvestingPro Tip highlights that management has been aggressively buying back shares, which often signals confidence in the company's value. This buyback activity, combined with the high dividend yield, contributes to a high shareholder yield, as noted in an additional InvestingPro Tip.
For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips for JBGS, providing a deeper understanding of the company's financial health and market position.
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