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

JBG SMITH Properties (NYSE:JBGS - Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,838,026 shares traded hands during mid-day trading, an increase of 104% from the previous session's volume of 898,841 shares.The stock last traded at $18.16 and had previously closed at $18.24.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised 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 report on Monday, May 19th.

JBG SMITH Properties Trading Down 0.4%

The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a 50 day moving average of $16.18 and a 200 day moving average of $15.66. The firm has a market cap of $1.33 billion, a P/E ratio of -9.74 and a beta of 1.25.

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

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, May 8th. JBG SMITH Properties's dividend payout ratio (DPR) is presently -37.43%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of institutional investors have recently made changes to their positions in JBGS. Asset Management One Co. Ltd. increased its stake in shares of JBG SMITH Properties by 3.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 125,610 shares of the company's stock worth $1,913,000 after purchasing an additional 4,130 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of JBG SMITH Properties in the 4th quarter worth approximately $239,000. Invesco Ltd. lifted its position in JBG SMITH Properties by 94.4% during the fourth quarter. Invesco Ltd. now owns 691,230 shares of the company's stock valued at $10,624,000 after acquiring an additional 335,661 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of JBG SMITH Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 409,520 shares of the company's stock worth $6,294,000 after buying an additional 1,892 shares during the last quarter. Finally, Amundi raised its holdings in shares of JBG SMITH Properties by 45.1% in the fourth quarter. Amundi now owns 86,980 shares of the company's stock worth $1,299,000 after buying an additional 27,040 shares during the last quarter. Hedge funds and other 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.

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