JBG SMITH Properties (NYSE:JBGS) Sees Large Growth in Short Interest

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 7,220,000 shares, a growth of 5.4% from the January 15th total of 6,850,000 shares. Based on an average daily volume of 592,800 shares, the days-to-cover ratio is currently 12.2 days. Currently, 8.6% of the company’s shares are short sold.

Institutional Investors Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in shares of JBG SMITH Properties by 40.9% during the fourth quarter. ProShare Advisors LLC now owns 24,638 shares of the company’s stock valued at $379,000 after buying an additional 7,154 shares during the period. Quantinno Capital Management LP increased its position in JBG SMITH Properties by 3.1% during the 4th quarter. Quantinno Capital Management LP now owns 73,010 shares of the company’s stock valued at $1,122,000 after purchasing an additional 2,187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in JBG SMITH Properties by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock valued at $713,000 after purchasing an additional 662 shares during the period. Balyasny Asset Management L.P. bought a new position in JBG SMITH Properties in the 4th quarter worth $776,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of JBG SMITH Properties in the 4th quarter worth about $740,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 0.7 %

Shares of JBGS stock traded down $0.10 during mid-day trading on Monday, reaching $15.22. The stock had a trading volume of 747,289 shares, compared to its average volume of 497,779. The firm has a market capitalization of $1.29 billion, a PE ratio of -11.70 and a beta of 1.11. The stock’s 50-day moving average price is $15.39 and its two-hundred day moving average price is $16.54. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s payout ratio is -53.85%.

Analyst Upgrades and Downgrades

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

JBG SMITH Properties Company Profile

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.