JBG SMITH Properties (NYSE:JBGS) Sees Large Increase in Short Interest

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 7,300,000 shares, an increase of 9.9% from the September 30th total of 6,640,000 shares. Currently, 8.5% of the company’s stock are short sold. Based on an average trading volume of 688,500 shares, the days-to-cover ratio is currently 10.6 days.

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in JBG SMITH Properties by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company’s stock worth $2,123,000 after purchasing an additional 680 shares during the period. Van ECK Associates Corp increased its position in shares of JBG SMITH Properties by 4.7% during the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after buying an additional 702 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of JBG SMITH Properties by 5.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock valued at $368,000 after buying an additional 1,021 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of JBG SMITH Properties by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after buying an additional 753 shares during the period. Finally, Blue Trust Inc. grew its holdings in JBG SMITH Properties by 706.3% in the third 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 period. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Performance

Shares of NYSE JBGS traded down $0.53 during trading on Thursday, reaching $17.09. 178,787 shares of the stock traded hands, compared to its average volume of 883,336. JBG SMITH Properties has a 52-week low of $12.63 and a 52-week high of $18.86. 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 company has a 50-day moving average of $17.77 and a 200-day moving average of $16.21. The stock has a market capitalization of $1.51 billion, a P/E ratio of -12.69 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. The business had revenue of $135.32 million for 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a yield of 4.10%. JBG SMITH Properties’s dividend payout ratio is currently -50.36%.

Analyst Ratings Changes

Separately, Evercore ISI upped their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock 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.