Short Interest in JBG SMITH Properties (NYSE:JBGS) Increases By 5.4%

JBG SMITH Properties (NYSE:JBGS) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 7,220,000 shares, an increase of 5.4% from the January 15th total of 6,850,000 shares. Approximately 8.6% of the shares of the company are short sold. Based on an average daily volume of 592,800 shares, the days-to-cover ratio is presently 12.2 days.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Trading Down 1.4 %

Shares of JBG SMITH Properties stock opened at $14.98 on Wednesday. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The firm has a market cap of $1.27 billion, a PE ratio of -11.52 and a beta of 1.11. The stock has a fifty day moving average price of $15.36 and a 200-day moving average price of $16.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -53.85%.

Institutional Investors Weigh In On JBG SMITH Properties

Several large investors have recently added to or reduced their stakes in JBGS. Northern Trust Corp increased its holdings in JBG SMITH Properties by 75.8% in the 4th quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock worth $25,078,000 after acquiring an additional 703,538 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after purchasing an additional 497,288 shares during the period. Invesco Ltd. boosted its stake in JBG SMITH Properties by 94.4% in the 4th quarter. Invesco Ltd. now owns 691,230 shares of the company’s stock worth $10,624,000 after purchasing an additional 335,661 shares during the period. Norges Bank bought a new position in JBG SMITH Properties in the 4th quarter worth about $3,837,000. Finally, GSI Capital Advisors LLC bought a new position in JBG SMITH Properties in the 4th quarter worth about $3,036,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.