JBG SMITH Properties (NYSE:JBGS) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,150,000 shares, a growth of 21.2% from the March 31st total of 948,900 shares. Based on an average trading volume of 434,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the company’s stock are sold short.
Separately, Zacks Investment Research cut shares of JBG SMITH Properties from a “buy” rating to a “strong sell” rating in a report on Monday, March 8th.
In other news, insider Steven A. Museles sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $32.87, for a total value of $493,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Madhumita Moina Banerjee sold 5,000 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $32.69, for a total transaction of $163,450.00. The disclosure for this sale can be found here. Corporate insiders own 8.25% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in shares of JBG SMITH Properties in the first quarter valued at approximately $41,000. Van ECK Associates Corp increased its holdings in shares of JBG SMITH Properties by 23.5% in the third quarter. Van ECK Associates Corp now owns 3,694 shares of the company’s stock valued at $99,000 after purchasing an additional 702 shares in the last quarter. Sei Investments Co. increased its holdings in shares of JBG SMITH Properties by 14.3% in the third quarter. Sei Investments Co. now owns 127,782 shares of the company’s stock valued at $3,413,000 after purchasing an additional 15,940 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in JBG SMITH Properties by 2.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 84,058 shares of the company’s stock valued at $2,628,000 after acquiring an additional 1,803 shares during the last quarter. Finally, XTX Markets LLC bought a new position in JBG SMITH Properties in the fourth quarter valued at approximately $248,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE JBGS traded down $0.07 during mid-day trading on Tuesday, hitting $32.00. The company had a trading volume of 8,560 shares, compared to its average volume of 417,223. The company has a debt-to-equity ratio of 0.62, a current ratio of 6.50 and a quick ratio of 6.50. The business’s 50-day simple moving average is $32.26 and its 200-day simple moving average is $30.81. JBG SMITH Properties has a 12 month low of $22.63 and a 12 month high of $34.24. The firm has a market cap of $4.21 billion, a P/E ratio of 291.57, a PEG ratio of 8.14 and a beta of 0.90.
JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 23rd. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.65). JBG SMITH Properties had a net margin of 2.87% and a return on equity of 0.52%. The company had revenue of $148.60 million during the quarter, compared to the consensus estimate of $127.44 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, sell-side analysts predict that JBG SMITH Properties will post 1.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 27th. Investors of record on Thursday, May 13th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, May 12th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently 55.90%.
JBG SMITH Properties Company Profile
JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.
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