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

JBG SMITH Properties (NYSE:JBGS - Get Free Report) saw a large increase in short interest in 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. Based on an average trading volume of 592,800 shares, the days-to-cover ratio is currently 12.2 days. Currently, 8.6% of the company's stock are short sold.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Stock Down 0.1 %

NYSE:JBGS traded down $0.02 on Friday, hitting $14.90. 977,538 shares of the company's stock traded hands, compared to its average volume of 600,304. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The firm has a 50-day moving average price of $15.28 and a 200-day moving average price of $16.51. The company has a market cap of $1.23 billion, a PE ratio of -8.92 and a beta of 1.11.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.38) by $0.52. The business had revenue of $108.43 million during the quarter, compared to analysts' expectations of $116.31 million. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.70%. JBG SMITH Properties's payout ratio is -41.92%.

Institutional Investors Weigh In On JBG SMITH Properties

Several large investors have recently made changes to their positions in JBGS. 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. Sterling Capital Management LLC grew its stake in shares of JBG SMITH Properties by 814.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock valued at $40,000 after buying an additional 2,289 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 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company's stock valued at $57,000 after buying an additional 753 shares in the last quarter. KBC Group NV lifted its holdings in JBG SMITH Properties by 64.9% in the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after purchasing an additional 2,234 shares during the last quarter. Finally, State of Wyoming acquired a new stake in JBG SMITH Properties in the 4th quarter worth approximately $98,000. Institutional investors own 98.46% of the company's stock.

About JBG SMITH Properties

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.