JBG SMITH Properties (NYSE:JBGS) Sees Large Decrease in Short Interest

JBG SMITH Properties (NYSE:JBGS) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 6,440,000 shares, a decrease of 11.8% from the October 15th total of 7,300,000 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average daily volume of 549,300 shares, the short-interest ratio is presently 11.7 days.

JBG SMITH Properties Stock Performance

NYSE:JBGS traded down $0.27 during trading hours on Monday, reaching $14.91. 534,373 shares of the company’s stock were exchanged, compared to its average volume of 869,893. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -11.68 and a beta of 1.10. The company has a 50-day moving average of $17.56 and a 200 day moving average of $16.35. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. JBG SMITH Properties has a 1-year low of $13.03 and a 1-year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%. The firm had revenue of $136.03 million during the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -53.85%.

Hedge Funds Weigh In On JBG SMITH Properties

A number of large investors have recently made changes to their positions in the stock. Citigroup Inc. increased its holdings in JBG SMITH Properties by 1.1% during the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after acquiring an additional 32,027 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in JBG SMITH Properties by 6.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after buying an additional 141,802 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after purchasing an additional 105,384 shares during the period. Private Management Group Inc. raised its stake in shares of JBG SMITH Properties by 28.8% during the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after purchasing an additional 452,901 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after buying an additional 9,581 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

About JBG SMITH Properties

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.