Short Interest in JBG SMITH Properties (NYSE:JBGS) Increases By 5.4%

JBG SMITH Properties (NYSE:JBGS) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,220,000 shares, an increase 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 presently 12.2 days. Currently, 8.6% of the shares of the stock are sold short.

Institutional Trading of JBG SMITH Properties

A number of large investors have recently modified their holdings of JBGS. Citigroup Inc. lifted 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 worth $51,115,000 after buying an additional 32,027 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in JBG SMITH Properties by 7.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company’s stock worth $35,340,000 after buying an additional 167,191 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in JBG SMITH Properties by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,220,008 shares of the company’s stock worth $34,122,000 after buying an additional 45,514 shares during the last quarter. Northern Trust Corp lifted its position in JBG SMITH Properties by 75.8% in the 4th quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock worth $25,078,000 after buying an additional 703,538 shares during the last quarter. Finally, Natixis lifted its position in JBG SMITH Properties by 0.9% in the 4th quarter. Natixis now owns 1,008,840 shares of the company’s stock worth $15,506,000 after buying an additional 8,840 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets downgraded 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 research note on Tuesday, December 3rd.

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $14.98 on Wednesday. The company has a market cap of $1.27 billion, a PE ratio of -11.52 and a beta of 1.11. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $16.54. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.67%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -53.85%.

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.