Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 9.0%

JBG SMITH Properties (NYSE:JBGS) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,380,000 shares, a drop of 9.0% from the December 15th total of 7,010,000 shares. Based on an average daily volume of 540,000 shares, the short-interest ratio is presently 11.8 days. Approximately 7.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On JBG SMITH Properties

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after buying an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 worth $57,000 after acquiring an additional 753 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of JBG SMITH Properties during the 3rd quarter worth about $239,000. Verition Fund Management LLC acquired a new position in shares of JBG SMITH Properties in the third quarter valued at $268,000. Finally, Van ECK Associates Corp increased its holdings in 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 buying an additional 702 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Trading Up 0.1 %

Shares of NYSE:JBGS opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -11.87 and a beta of 1.11. The company has a 50 day moving average price of $15.75 and a 200 day moving average price of $16.69. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. The business had revenue of $136.03 million for 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 business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

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.