JBG SMITH Properties Announces Quarterly Dividend of $0.18 (NYSE:JBGS)

JBG SMITH Properties (NYSE:JBGS) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.175 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, May 14th.

JBG SMITH Properties has decreased its dividend payment by an average of 0.0%per year over the last three years. JBG SMITH Properties has a dividend payout ratio of -36.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Trading Up 0.4%

JBGS opened at $15.06 on Friday. The firm’s fifty day simple moving average is $15.03 and its 200 day simple moving average is $16.87. The stock has a market capitalization of $888.93 million, a P/E ratio of -7.13 and a beta of 1.14. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 2.16. JBG SMITH Properties has a 12 month low of $14.03 and a 12 month high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.31). JBG SMITH Properties had a negative return on equity of 10.61% and a negative net margin of 27.89%.The business had revenue of $127.56 million for the quarter, compared to the consensus estimate of $122.44 million.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $18.50.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.