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

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Wednesday, August 7th will be paid a dividend of 0.175 per share on Wednesday, August 21st. This represents a $0.70 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, August 7th.

JBG SMITH Properties has increased its dividend by an average of 11.3% per year over the last three years. JBG SMITH Properties has a dividend 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 JBGS stock traded up $0.07 during trading on Thursday, reaching $16.43. The company’s stock had a trading volume of 470,552 shares, compared to its average volume of 988,915. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.17. The stock’s 50-day moving average price is $15.11 and its 200 day moving average price is $15.74. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 1.17.

Analysts Set New Price Targets

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

JBG SMITH Properties Company Profile

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.