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

JBG SMITH Properties (NYSE:JBGS - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Shareholders of record on Thursday, August 7th will be given a dividend of 0.175 per share on Thursday, August 21st. This represents a $0.70 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, August 7th.

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 Price Performance

JBG SMITH Properties stock traded down $0.27 during trading hours on Monday, hitting $19.27. 1,140,734 shares of the company traded hands, compared to its average volume of 767,614. The firm has a market cap of $1.41 billion, a P/E ratio of -10.30 and a beta of 1.24. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.60. The firm's 50-day simple moving average is $17.73 and its two-hundred day simple moving average is $16.11. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $19.60.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 30.02% and a negative return on equity of 8.59%. The company had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research report on Monday, May 19th.

Institutional Investors Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in JBG SMITH Properties by 554.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company's stock valued at $10,847,000 after buying an additional 570,428 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company's stock valued at $781,000 after buying an additional 2,118 shares during the period. Royal Bank of Canada boosted its stake in shares of JBG SMITH Properties by 32.1% in the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company's stock valued at $515,000 after purchasing an additional 7,759 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of JBG SMITH Properties by 12.8% in the 1st quarter. Empowered Funds LLC now owns 17,555 shares of the company's stock valued at $283,000 after purchasing an additional 1,998 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of JBG SMITH Properties in the 1st quarter valued at $166,000. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.