JBG SMITH Properties (NYSE:JBGS) Short Interest Up 9.9% in October

JBG SMITH Properties (NYSE:JBGS - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,300,000 shares, an increase of 9.9% from the September 30th total of 6,640,000 shares. Approximately 8.5% of the shares of the company are sold short. Based on an average trading volume of 688,500 shares, the short-interest ratio is presently 10.6 days.

Analysts Set New Price Targets

Separately, Evercore ISI raised their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, September 16th.

JBG SMITH Properties Stock Performance

JBG SMITH Properties stock traded down $0.29 during midday trading on Wednesday, hitting $17.62. 390,787 shares of the company's stock were exchanged, compared to its average volume of 886,691. The firm's 50 day simple moving average is $17.76 and its 200 day simple moving average is $16.20. JBG SMITH Properties has a 12-month low of $12.63 and a 12-month high of $18.86. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -12.81 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings results 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.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, November 7th. JBG SMITH Properties's dividend payout ratio (DPR) is presently -50.36%.

Hedge Funds Weigh In On JBG SMITH Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caxton Associates LP increased its stake in shares of JBG SMITH Properties by 504.0% during the first quarter. Caxton Associates LP now owns 117,559 shares of the company's stock worth $1,887,000 after acquiring an additional 98,096 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of JBG SMITH Properties by 313.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company's stock valued at $1,986,000 after buying an additional 99,983 shares in the last quarter. SG Americas Securities LLC grew its holdings in JBG SMITH Properties by 1,178.0% during the second quarter. SG Americas Securities LLC now owns 152,496 shares of the company's stock worth $2,323,000 after acquiring an additional 140,564 shares during the period. Quest Partners LLC raised its position in JBG SMITH Properties by 1,003.3% in the second quarter. Quest Partners LLC now owns 159,665 shares of the company's stock worth $2,432,000 after acquiring an additional 145,194 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in JBG SMITH Properties by 678.7% in the second quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company's stock valued at $2,008,000 after acquiring an additional 114,891 shares during the period. 98.46% of the stock is currently 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.