Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 11.8%

JBG SMITH Properties (NYSE:JBGS) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 6,440,000 shares, a decrease of 11.8% from the October 15th total of 7,300,000 shares. Based on an average daily volume of 549,300 shares, the short-interest ratio is currently 11.7 days. Approximately 7.6% of the shares of the company are sold short.

JBG SMITH Properties Stock Performance

Shares of NYSE:JBGS traded down $0.27 during mid-day trading on Monday, reaching $14.91. 534,373 shares of the company traded hands, compared to its average volume of 869,893. The company’s 50 day moving average price is $17.56 and its 200-day moving average price is $16.35. The firm has a market cap of $1.26 billion, a PE ratio of -11.47 and a beta of 1.10. JBG SMITH Properties has a 52 week low of $13.03 and a 52 week high of $18.86. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.03. The business had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lifted their target price 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.

Institutional Investors Weigh In On JBG SMITH Properties

A number of institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its stake in shares of JBG SMITH Properties by 8.9% in the first quarter. Texas Permanent School Fund Corp now owns 76,218 shares of the company’s stock worth $1,223,000 after acquiring an additional 6,197 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in JBG SMITH Properties by 313.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company’s stock worth $1,986,000 after purchasing an additional 99,983 shares during the period. UniSuper Management Pty Ltd grew its holdings in JBG SMITH Properties by 102.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 57,958 shares of the company’s stock valued at $930,000 after buying an additional 29,308 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of JBG SMITH Properties by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 186,439 shares of the company’s stock valued at $2,988,000 after buying an additional 8,235 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of JBG SMITH Properties by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 74,311 shares of the company’s stock worth $1,193,000 after buying an additional 1,824 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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.