Short Interest in JBG SMITH Properties (NYSE:JBGS) Decreases By 6.6%

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 6,640,000 shares, a decline of 6.6% from the September 15th total of 7,110,000 shares. Based on an average daily volume of 755,600 shares, the days-to-cover ratio is currently 8.8 days. Currently, 7.7% of the company’s shares are short sold.

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its position in JBG SMITH Properties by 6.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after buying an additional 141,802 shares during the period. Private Management Group Inc. increased its holdings in shares of JBG SMITH Properties by 28.8% during the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after acquiring an additional 452,901 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after buying an additional 9,581 shares during the last quarter. Wellington Management Group LLP lifted its position in JBG SMITH Properties by 13.6% in the 4th quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock valued at $21,887,000 after acquiring an additional 153,552 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in JBG SMITH Properties by 7.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock valued at $2,912,000 after purchasing an additional 12,690 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Trading Up 1.4 %

JBGS stock traded up $0.26 during midday trading on Wednesday, hitting $18.33. The company had a trading volume of 310,775 shares, compared to its average volume of 913,739. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -13.19 and a beta of 1.10. The stock’s 50 day moving average price is $17.46 and its 200 day moving average price is $16.01. JBG SMITH Properties has a 52 week low of $12.63 and a 52 week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, July 30th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The company had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s dividend payout ratio is currently -50.36%.

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.