JBG SMITH Properties (NYSE:JBGS) to Issue $0.18 Quarterly Dividend

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Wednesday, August 7th will be given a dividend of 0.175 per share on Wednesday, August 21st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Wednesday, August 7th.

JBG SMITH Properties has increased its dividend by an average of 11.3% annually over the last three years. JBG SMITH Properties has a payout ratio of -40.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Stock Performance

Shares of NYSE:JBGS traded up $0.22 during trading on Tuesday, reaching $15.90. The stock had a trading volume of 25,717 shares, compared to its average volume of 1,005,050. JBG SMITH Properties has a 52 week low of $12.63 and a 52 week high of $18.17. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -11.20 and a beta of 1.10. The company has a quick ratio of 3.60, a current ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $15.40 and a two-hundred day simple moving average of $15.70.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data 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 business had revenue of $135.32 million for the quarter. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target on JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating for the company in a research report on Wednesday, April 10th.

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.