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

JBG SMITH Properties (NYSE:JBGS) declared a quarterly dividend on Monday, December 16th,RTT News reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.175 per share on Tuesday, January 14th. This represents a $0.70 dividend on an annualized basis and a yield of 4.21%.

JBG SMITH Properties has raised its dividend payment by an average of 11.3% annually over the last three years. JBG SMITH Properties has a dividend payout ratio of -42.7% indicating that 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 1.8 %

Shares of JBGS stock traded up $0.30 on Monday, reaching $16.61. The company had a trading volume of 992,908 shares, compared to its average volume of 850,302. The stock has a market cap of $1.40 billion, a PE ratio of -12.78 and a beta of 1.10. The company has a 50-day moving average of $16.92 and a 200-day moving average of $16.62. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. 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 earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. The firm had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

Analyst Ratings Changes

Several analysts recently commented on JBGS shares. Evercore ISI raised their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. BMO Capital Markets lowered JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

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.