Short Interest in JBG SMITH Properties (NYSE:JBGS) Increases By 9.9%

JBG SMITH Properties (NYSE:JBGS) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 7,300,000 shares, a growth of 9.9% from the September 30th total of 6,640,000 shares. Approximately 8.5% of the shares of the stock are short sold. Based on an average daily volume of 688,500 shares, the days-to-cover ratio is currently 10.6 days.

Analysts Set New Price Targets

Separately, Evercore ISI raised their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $17.00 on Friday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $16.21. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -12.23 and a beta of 1.10. JBG SMITH Properties has a 52 week low of $12.63 and a 52 week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%. The firm had revenue of $135.32 million during the quarter.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a yield of 4.12%. JBG SMITH Properties’s payout ratio is -50.36%.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds have recently bought and sold shares of JBGS. Thompson Siegel & Walmsley LLC grew its holdings in shares of JBG SMITH Properties by 6.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after purchasing an additional 141,802 shares during the period. Private Management Group Inc. increased its holdings in JBG SMITH Properties by 28.8% in the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after buying an additional 452,901 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 during the last quarter. 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 during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings 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 purchasing an additional 8,235 shares during 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.