JBG SMITH Properties (NYSE:JBGS) Short Interest Update

JBG SMITH Properties (NYSE:JBGS) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 6,640,000 shares, a drop of 6.6% from the September 15th total of 7,110,000 shares. Based on an average daily trading volume, of 755,600 shares, the days-to-cover ratio is presently 8.8 days. Approximately 7.7% of the shares of the stock are sold short.

Analyst Ratings Changes

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

JBG SMITH Properties Trading Up 0.4 %

Shares of JBG SMITH Properties stock traded up $0.07 on Thursday, reaching $18.40. The company had a trading volume of 102,078 shares, compared to its average volume of 909,701. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -13.19 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. The firm’s 50-day moving average price is $17.50 and its two-hundred day moving average price is $16.02. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.86.

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

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is -50.36%.

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors and hedge funds have recently modified their holdings of JBGS. Inspire Investing LLC lifted its stake in shares of JBG SMITH Properties by 4.2% during the 2nd quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock worth $354,000 after acquiring an additional 937 shares during the last quarter. Bfsg LLC lifted its stake in shares of JBG SMITH Properties by 9.5% during the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock worth $193,000 after acquiring an additional 1,102 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of JBG SMITH Properties by 6.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company’s stock worth $455,000 after acquiring an additional 1,815 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of JBG SMITH Properties by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,311 shares of the company’s stock worth $1,193,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of JBG SMITH Properties by 11.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 28,500 shares of the company’s stock worth $498,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.