Short Interest in JBG SMITH Properties (NYSE:JBGS) Declines By 9.0%

JBG SMITH Properties (NYSE:JBGS) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 6,380,000 shares, a drop of 9.0% from the December 31st total of 7,010,000 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average daily volume of 540,000 shares, the days-to-cover ratio is presently 11.8 days.

JBG SMITH Properties Price Performance

JBGS opened at $15.49 on Monday. 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 company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -11.92 and a beta of 1.11. The firm’s fifty day moving average price is $15.69 and its two-hundred day moving average price is $16.65. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is -53.85%.

Hedge Funds Weigh In On JBG SMITH Properties

A number of hedge funds have recently bought and sold shares of JBGS. Citigroup Inc. boosted its holdings in shares of JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after buying an additional 32,027 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after buying an additional 105,384 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JBG SMITH Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after buying an additional 9,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after buying an additional 497,288 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of JBG SMITH Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 409,520 shares of the company’s stock worth $6,294,000 after buying an additional 1,892 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $18.00 to $15.00 in a 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.