JBG SMITH Properties (NYSE:JBGS) Short Interest Update

JBG SMITH Properties (NYSE:JBGS) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,440,000 shares, a decrease of 11.8% from the October 15th total of 7,300,000 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average trading volume of 549,300 shares, the short-interest ratio is currently 11.7 days.

Institutional Investors Weigh In On JBG SMITH Properties

Large investors have recently bought and sold shares of the company. Citigroup Inc. lifted its position 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 purchasing an additional 32,027 shares during the period. Thompson Siegel & Walmsley LLC boosted 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 acquiring an additional 141,802 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JBG SMITH Properties by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after acquiring an additional 105,384 shares during the last quarter. 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 valued at $30,859,000 after buying an additional 452,901 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after purchasing an additional 9,581 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Price Performance

NYSE:JBGS traded down $0.27 during mid-day trading on Monday, reaching $14.91. 534,373 shares of the company were exchanged, compared to its average volume of 869,893. The stock has a market cap of $1.26 billion, a PE ratio of -11.47 and a beta of 1.10. The company has a fifty day moving average of $17.56 and a 200 day moving average of $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. JBG SMITH Properties has a 12 month low of $13.03 and a 12 month high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%. The business had revenue of $136.03 million for the quarter.

JBG SMITH Properties Dividend Announcement

The business 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 $0.175 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.69%. JBG SMITH Properties’s dividend payout ratio is presently -53.85%.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research 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.