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

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

JBG SMITH Properties has raised its dividend by an average of 11.3% per year over the last three years. JBG SMITH Properties has a 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 %

Shares of JBG SMITH Properties stock traded down $0.27 during trading on Friday, reaching $17.99. The company had a trading volume of 369,564 shares, compared to its average volume of 436,506. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.86. The firm's fifty day moving average is $17.70 and its 200-day moving average is $16.14.

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

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Monday, September 16th.

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.