JBG SMITH Properties (NYSE:JBGS) Short Interest Down 9.0% in December

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 6,380,000 shares, a decline of 9.0% from the December 15th total of 7,010,000 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average trading volume of 540,000 shares, the days-to-cover ratio is currently 11.8 days.

JBG SMITH Properties Stock Performance

Shares of JBG SMITH Properties stock opened at $15.44 on Monday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -11.87 and a beta of 1.11. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. The business has a 50-day moving average of $15.75 and a 200 day moving average of $16.71. 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 released its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The company 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 was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid 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 4.54%. JBG SMITH Properties’s payout ratio is -53.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of JBG SMITH Properties by 26.0% during the 2nd quarter. Victory Capital Management Inc. now owns 65,968 shares of the company’s stock worth $1,005,000 after acquiring an additional 13,613 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JBG SMITH Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after purchasing an additional 9,581 shares in the last quarter. XTX Topco Ltd lifted its position in shares of JBG SMITH Properties by 128.1% during the 2nd quarter. XTX Topco Ltd now owns 34,040 shares of the company’s stock worth $518,000 after buying an additional 19,117 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of JBG SMITH Properties by 4.2% in the 2nd quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after buying an additional 937 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of JBG SMITH Properties by 7.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock valued at $2,912,000 after buying an additional 12,690 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and lowered their price target for the company 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.