Short Interest in JBG SMITH Properties (NYSE:JBGS) Rises By 9.9%

JBG SMITH Properties (NYSE:JBGS) was the target of a significant increase in short interest in 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. Currently, 8.5% of the company’s stock are short sold. Based on an average daily volume of 688,500 shares, the days-to-cover ratio is presently 10.6 days.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $17.00 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of -12.23 and a beta of 1.10. The firm’s fifty day simple moving average is $17.76 and its 200 day simple moving average is $16.21. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.86. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

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

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a $0.175 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.12%. JBG SMITH Properties’s payout ratio is presently -50.36%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Management Group Inc. raised its holdings in shares of JBG SMITH Properties by 28.8% in the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after buying an additional 452,901 shares during the last quarter. Quest Partners LLC raised its holdings in shares of JBG SMITH Properties by 1,003.3% during 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 during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of JBG SMITH Properties by 6.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after purchasing an additional 141,802 shares in the last quarter. SG Americas Securities LLC lifted its stake in JBG SMITH Properties by 1,178.0% in the 2nd quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock valued at $2,323,000 after acquiring an additional 140,564 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of JBG SMITH Properties by 678.7% in the second quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock worth $2,008,000 after purchasing an additional 114,891 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.