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

JBG SMITH Properties (NYSE:JBGS) 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 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, November 7th.

JBG SMITH Properties has increased its dividend payment by an average of 11.3% annually over the last three years. JBG SMITH Properties has a dividend payout ratio of -41.7% meaning 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 Up 0.7 %

Shares of JBG SMITH Properties stock opened at $16.90 on Tuesday. The firm’s 50 day simple moving average is $17.74 and its two-hundred day simple moving average is $16.27. 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 1.38, a quick ratio of 3.87 and a current ratio of 3.87.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

Analysts Set New Price Targets

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

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.