JBG SMITH Properties (NYSE:JBGS) Sees Unusually-High Trading Volume - Still a Buy?

Shares of JBG SMITH Properties (NYSE:JBGS - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,365,012 shares traded hands during trading, an increase of 170% from the previous session's volume of 874,955 shares.The stock last traded at $17.65 and had previously closed at $17.43.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Stock Up 2.1%

The company has a market capitalization of $1.31 billion, a P/E ratio of -10.70 and a beta of 1.14. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $15.73 and a 200-day simple moving average of $15.57.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The business had revenue of $120.69 million during the quarter, compared to analysts' expectations of $124.35 million.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 8th. JBG SMITH Properties's payout ratio is -37.43%.

Institutional Investors Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV increased its stake in shares of JBG SMITH Properties by 64.9% during the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after purchasing an additional 2,234 shares during the last quarter. abrdn plc grew its holdings in JBG SMITH Properties by 30.6% during the fourth quarter. abrdn plc now owns 21,508 shares of the company's stock worth $326,000 after purchasing an additional 5,041 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in JBG SMITH Properties by 3.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,664 shares of the company's stock worth $1,455,000 after buying an additional 2,913 shares during the last quarter. Empowered Funds LLC bought a new stake in JBG SMITH Properties in the fourth quarter valued at approximately $239,000. Finally, Van ECK Associates Corp raised its stake in JBG SMITH Properties by 23.2% in the fourth quarter. Van ECK Associates Corp now owns 19,200 shares of the company's stock valued at $295,000 after buying an additional 3,612 shares during the period. 98.46% of the stock is owned by institutional investors.

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.