JBG SMITH Properties (NYSE:JBGS) Sees Significant Drop in Short Interest

JBG SMITH Properties (NYSE:JBGS) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 6,380,000 shares, a decline of 9.0% from the December 15th total of 7,010,000 shares. Based on an average daily volume of 540,000 shares, the days-to-cover ratio is currently 11.8 days. Currently, 7.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Stock Up 0.1 %

Shares of NYSE JBGS opened at $15.44 on Monday. The stock has a market capitalization of $1.30 billion, a PE ratio of -11.87 and a beta of 1.11. 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 fifty day moving average of $15.75 and a 200-day moving average of $16.71. JBG SMITH Properties has a 52-week low of $13.65 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a $0.175 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.54%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -53.85%.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds and other institutional investors have recently bought and sold shares of JBGS. Blue Trust Inc. grew its stake in shares of JBG SMITH Properties by 706.3% during the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after purchasing an additional 753 shares during the last quarter. Wolverine Trading LLC purchased a new stake in JBG SMITH Properties during the 3rd quarter worth approximately $239,000. Verition Fund Management LLC purchased a new stake in JBG SMITH Properties during the 3rd quarter worth approximately $268,000. Finally, Van ECK Associates Corp raised its position in shares of JBG SMITH Properties by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after purchasing an additional 702 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

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.