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

JBG SMITH Properties (NYSE:JBGS) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 7,300,000 shares, a growth of 9.9% from the September 30th total of 6,640,000 shares. Based on an average daily trading volume, of 688,500 shares, the short-interest ratio is currently 10.6 days. Currently, 8.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On JBG SMITH Properties

Several institutional investors have recently made changes to their positions in the company. Caxton Associates LP lifted its position in shares of JBG SMITH Properties by 504.0% in the 1st quarter. Caxton Associates LP now owns 117,559 shares of the company’s stock worth $1,887,000 after purchasing an additional 98,096 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of JBG SMITH Properties by 313.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company’s stock valued at $1,986,000 after acquiring an additional 99,983 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of JBG SMITH Properties by 1,178.0% in the 2nd quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock valued at $2,323,000 after acquiring an additional 140,564 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of JBG SMITH Properties by 1,003.3% in the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock valued at $2,432,000 after acquiring an additional 145,194 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of JBG SMITH Properties by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock valued at $2,008,000 after acquiring an additional 114,891 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 3.0 %

Shares of JBG SMITH Properties stock traded down $0.53 during trading on Thursday, hitting $17.09. The stock had a trading volume of 178,787 shares, compared to its average volume of 883,336. The firm’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $16.21. The stock has a market cap of $1.51 billion, a PE ratio of -12.69 and a beta of 1.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.88 and a quick ratio of 3.88. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%.

JBG SMITH Properties Announces Dividend

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 issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.70 annualized dividend and a dividend yield of 4.10%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -50.36%.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note 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.