JBG SMITH Properties (NYSE:JBGS) Short Interest Down 9.0% in December

JBG SMITH Properties (NYSE:JBGS) was the recipient of a large decline in short interest in 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. Approximately 7.6% of the shares of the company are short sold.

Analyst Ratings Changes

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

JBG SMITH Properties Stock Up 0.1 %

Shares of JBGS opened at $15.44 on Monday. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The firm has a market cap of $1.30 billion, a P/E ratio of -11.87 and a beta of 1.11. The company’s 50-day moving average price is $15.75 and its 200 day moving average price is $16.71. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86.

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

Institutional Investors Weigh In On JBG SMITH Properties

A number of institutional investors and hedge funds have recently bought and sold shares of JBGS. Victory Capital Management Inc. increased its position in JBG SMITH Properties by 26.0% in the 2nd quarter. Victory Capital Management Inc. now owns 65,968 shares of the company’s stock valued at $1,005,000 after acquiring an additional 13,613 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after purchasing an additional 9,581 shares during the period. XTX Topco Ltd increased its holdings in shares of JBG SMITH Properties by 128.1% in the second quarter. XTX Topco Ltd now owns 34,040 shares of the company’s stock valued at $518,000 after purchasing an additional 19,117 shares during the period. Inspire Investing LLC raised its stake in shares of JBG SMITH Properties by 4.2% during the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock worth $354,000 after purchasing an additional 937 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of JBG SMITH Properties by 7.1% during the second quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock worth $2,912,000 after purchasing an additional 12,690 shares during the period. 98.46% of the stock is owned by hedge funds and other institutional investors.

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.