JBG SMITH Properties (NYSE:JBGS) Short Interest Update

JBG SMITH Properties (NYSE:JBGS) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 6,440,000 shares, a drop 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

JBGS traded down $0.27 during midday trading on Monday, hitting $14.91. 534,373 shares of the company traded hands, compared to its average volume of 869,893. The company’s 50-day moving average is $17.56 and its 200 day moving average is $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. The firm has a market capitalization of $1.26 billion, a PE ratio of -11.47 and a beta of 1.10. JBG SMITH Properties has a 52 week low of $13.03 and a 52 week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate 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 Announces Dividend

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

Hedge Funds Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in JBG SMITH Properties by 1.1% in the third 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 during the period. Thompson Siegel & Walmsley LLC increased its position in shares of JBG SMITH Properties by 6.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after purchasing an additional 141,802 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after purchasing an additional 105,384 shares during the period. Private Management Group Inc. boosted its holdings in shares of JBG SMITH Properties by 28.8% in the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after buying an additional 452,901 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in JBG SMITH Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after buying an additional 9,581 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI upped 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.

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.