JBG SMITH Properties (NYSE:JBGS - Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,380,000 shares, a drop of 9.0% from the December 15th total of 7,010,000 shares. Based on an average daily volume of 540,000 shares, the short-interest ratio is presently 11.8 days. Approximately 7.6% of the shares of the company are sold short.
Separately, BMO Capital Markets downgraded shares of JBG SMITH Properties from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd.
Read Our Latest Analysis on JBG SMITH Properties
A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company's stock valued at $33,000 after buying an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company's stock worth $57,000 after acquiring an additional 753 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of JBG SMITH Properties during the 3rd quarter worth about $239,000. Verition Fund Management LLC acquired a new position in shares of JBG SMITH Properties in the third quarter valued at $268,000. Finally, Van ECK Associates Corp increased its holdings in JBG SMITH Properties by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company's stock valued at $282,000 after buying an additional 702 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:JBGS opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -11.87 and a beta of 1.11. The company has a 50 day moving average price of $15.75 and a 200 day moving average price of $16.69. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86.
JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.03. The business had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties's dividend payout ratio is currently -53.85%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider JBG SMITH Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JBG SMITH Properties wasn't on the list.
While JBG SMITH Properties currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.