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

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant 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. Based on an average daily volume of 549,300 shares, the short-interest ratio is presently 11.7 days. Currently, 7.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Price Performance

Shares of JBGS stock traded down $0.27 on Monday, reaching $14.91. 534,373 shares of the company were exchanged, compared to its average volume of 869,893. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -11.68 and a beta of 1.10. The business has a 50-day moving average price of $17.56 and a 200 day moving average price of $16.35. 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 has a 1 year low of $13.03 and a 1 year high of $18.86.

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

JBG SMITH Properties Dividend Announcement

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

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caxton Associates LP increased its stake in JBG SMITH Properties by 504.0% during the 1st quarter. Caxton Associates LP now owns 117,559 shares of the company’s stock worth $1,887,000 after buying an additional 98,096 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of JBG SMITH Properties by 313.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company’s stock valued at $1,986,000 after purchasing an additional 99,983 shares during the last quarter. SG Americas Securities LLC increased its position in shares of JBG SMITH Properties by 1,178.0% in the 2nd quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock valued at $2,323,000 after purchasing an additional 140,564 shares during the last quarter. Quest Partners LLC increased its position in shares of JBG SMITH Properties by 1,003.3% in the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock valued at $2,432,000 after purchasing an additional 145,194 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of JBG SMITH Properties by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock valued at $2,008,000 after purchasing an additional 114,891 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.