JBG SMITH Properties (NYSE:JBGS) Sees Strong Trading Volume - Here's What Happened

Shares of JBG SMITH Properties (NYSE:JBGS - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,365,012 shares changed hands during mid-day 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 Analysts Forecast Growth

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

JBG SMITH Properties Stock Performance

The firm has a market cap of $1.31 billion, a P/E ratio of -10.70 and a beta of 1.25. The stock's 50-day moving average price is $15.77 and its 200 day moving average price is $15.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.73 and a quick ratio of 3.87.

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

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 3.92%. 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 made changes to their positions in the business. KBC Group NV increased its stake in shares of JBG SMITH Properties by 64.9% in the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock valued at $87,000 after acquiring an additional 2,234 shares in the last quarter. abrdn plc grew its position in JBG SMITH Properties by 30.6% in the 4th quarter. abrdn plc now owns 21,508 shares of the company's stock valued at $326,000 after purchasing an additional 5,041 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in JBG SMITH Properties by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,664 shares of the company's stock valued at $1,455,000 after purchasing an additional 2,913 shares during the period. Empowered Funds LLC acquired a new stake in JBG SMITH Properties in the 4th quarter valued at $239,000. Finally, Van ECK Associates Corp grew its position in JBG SMITH Properties by 23.2% in the 4th quarter. Van ECK Associates Corp now owns 19,200 shares of the company's stock valued at $295,000 after purchasing an additional 3,612 shares during the period. 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.