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

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On JBG SMITH Properties

Large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its position 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 worth $33,000 after buying an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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. KBC Group NV raised its holdings in shares of JBG SMITH Properties by 64.9% in the fourth quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after acquiring an additional 2,234 shares during the last quarter. Wolverine Trading LLC acquired a new stake in shares of JBG SMITH Properties during the third quarter valued at $239,000. Finally, Empowered Funds LLC purchased a new stake in JBG SMITH Properties during the 4th quarter worth about $239,000. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Performance

JBGS traded down $0.26 during trading on Wednesday, hitting $15.06. 525,762 shares of the stock were exchanged, compared to its average volume of 502,675. The stock has a fifty day moving average price of $15.63 and a two-hundred day moving average price of $16.63. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86. The firm has a market capitalization of $1.27 billion, a P/E ratio of -11.58 and a beta of 1.11. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38.

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 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, December 30th. JBG SMITH Properties's dividend payout ratio is currently -53.85%.

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.