Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 7.0%

JBG SMITH Properties (NYSE:JBGSGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 6,960,000 shares, a decline of 7.0% from the April 15th total of 7,480,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 6.6 days. Approximately 7.6% of the shares of the company are short sold.

JBG SMITH Properties Trading Down 0.8 %

JBG SMITH Properties stock opened at $14.80 on Friday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -10.65 and a beta of 1.07. The business has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $15.74. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.17. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 1.17.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, May 9th. JBG SMITH Properties’s payout ratio is currently -50.36%.

Institutional Trading of JBG SMITH Properties

Several institutional investors and hedge funds have recently bought and sold shares of JBGS. Brown Brothers Harriman & Co. increased its holdings in shares of JBG SMITH Properties by 127.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of JBG SMITH Properties by 272.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company’s stock worth $98,000 after buying an additional 4,981 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of JBG SMITH Properties by 82.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,870 shares of the company’s stock worth $100,000 after buying an additional 2,656 shares during the period. Sequoia Financial Advisors LLC acquired a new position in JBG SMITH Properties in the 4th quarter valued at about $171,000. Finally, Quest Partners LLC bought a new position in JBG SMITH Properties in the 4th quarter valued at about $186,000. Institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their price target on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th.

Check Out Our Latest Analysis on JBG SMITH Properties

About JBG SMITH Properties

(Get Free Report)

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.

Further Reading

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