Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 9.0%

JBG SMITH Properties (NYSE:JBGS) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 6,380,000 shares, a drop of 9.0% from the December 31st total of 7,010,000 shares. Currently, 7.6% of the company’s shares are sold short. Based on an average daily trading volume, of 540,000 shares, the short-interest ratio is presently 11.8 days.

Analyst Upgrades and Downgrades

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

JBG SMITH Properties Stock Up 0.7 %

JBG SMITH Properties stock opened at $15.49 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86. The firm has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $16.65. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -11.92 and a beta of 1.11.

JBG SMITH Properties Dividend Announcement

The company also recently declared 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 was Monday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.52%. JBG SMITH Properties’s payout ratio is -53.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JBGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after acquiring an additional 497,288 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after acquiring an additional 105,384 shares in the last quarter. Jane Street Group LLC grew its position in JBG SMITH Properties by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after purchasing an additional 89,812 shares during the period. Quantinno Capital Management LP grew its position in JBG SMITH Properties by 105.8% in the 3rd quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after purchasing an additional 36,412 shares during the period. Finally, Citigroup Inc. grew its position in JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after purchasing an additional 32,027 shares during the period. Institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

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.