Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 9.0%

JBG SMITH Properties (NYSE:JBGS) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 6,380,000 shares, a drop of 9.0% from the December 31st total of 7,010,000 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average daily trading volume, of 540,000 shares, the short-interest ratio is currently 11.8 days.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Price Performance

NYSE:JBGS opened at $15.19 on Monday. The firm’s fifty day moving average is $15.69 and its two-hundred day moving average is $16.65. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -11.67 and a beta of 1.11. JBG SMITH Properties has a one year low of $13.65 and a one year high of $18.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBGS. Blue Trust Inc. raised its position in shares of JBG SMITH Properties by 706.3% during the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after purchasing an additional 1,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after purchasing an additional 753 shares during the period. KBC Group NV increased its position in JBG SMITH Properties by 64.9% during the fourth quarter. KBC Group NV now owns 5,677 shares of the company’s stock worth $87,000 after purchasing an additional 2,234 shares during the last quarter. Wolverine Trading LLC purchased a new position in JBG SMITH Properties during the third quarter worth about $239,000. Finally, Verition Fund Management LLC acquired a new position in JBG SMITH Properties in the 3rd quarter valued at about $268,000. 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.