JBG SMITH Properties to Issue Quarterly Dividend of $0.18 (NYSE:JBGS)

JBG SMITH Properties (NYSE:JBGS) declared a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.175 per share on Friday, November 22nd. This represents a $0.70 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 7th.

JBG SMITH Properties has increased its dividend payment by an average of 11.3% annually over the last three years. JBG SMITH Properties has a dividend payout ratio of -41.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Trading Down 1.5 %

JBGS stock traded down $0.27 during mid-day trading on Friday, hitting $17.99. 369,564 shares of the company were exchanged, compared to its average volume of 894,295. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.59 billion, a P/E ratio of -12.94 and a beta of 1.10. The business has a fifty day simple moving average of $17.70 and a 200-day simple moving average of $16.14. JBG SMITH Properties has a 12-month low of $12.63 and a 12-month high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The company had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI increased their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research 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.