JBG SMITH Properties (NYSE:JBGS) Sees Large Drop in Short Interest

JBG SMITH Properties (NYSE:JBGS - Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 6,960,000 shares, a drop of 7.0% from the April 15th total of 7,480,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 7.6% of the company's shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of JBG SMITH Properties by 127.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in JBG SMITH Properties by 272.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company's stock valued at $98,000 after acquiring an additional 4,981 shares during the last quarter. Tower Research Capital LLC TRC grew its position in JBG SMITH Properties by 82.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,870 shares of the company's stock worth $100,000 after acquiring an additional 2,656 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of JBG SMITH Properties during the 4th quarter worth $171,000. Finally, Quest Partners LLC bought a new position in shares of JBG SMITH Properties during the 4th quarter valued at $186,000. Institutional investors and hedge funds own 98.46% of the company's stock.

JBG SMITH Properties Stock Down 0.8 %

NYSE:JBGS traded down $0.12 on Friday, hitting $14.80. 748,936 shares of the company's stock traded hands, compared to its average volume of 931,221. The company has a market cap of $1.36 billion, a PE ratio of -10.65 and a beta of 1.07. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.17. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $15.49 and a 200-day moving average price of $15.76.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, May 9th. JBG SMITH Properties's payout ratio is presently -50.36%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their target price on JBG SMITH Properties from $16.00 to $14.50 and set an "underperform" rating for the company in a report on Wednesday, April 10th.

JBG SMITH Properties Company Profile

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.