JBG SMITH Properties (NYSE:JBGS) Sees Large Volume Increase – What’s Next?

JBG SMITH Properties (NYSE:JBGS) saw an uptick in trading volume on Wednesday . 1,303,027 shares changed hands during trading, an increase of 81% from the previous session’s volume of 718,887 shares.The stock last traded at $14.34 and had previously closed at $14.00.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Trading Down 2.3 %

The stock has a market capitalization of $1.17 billion, a P/E ratio of -8.52 and a beta of 1.12. The stock’s 50 day moving average price is $15.10 and its 200-day moving average price is $16.32. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.52. 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 $108.43 million for the quarter, compared to analysts’ expectations of $116.31 million.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were paid a $0.175 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.92%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -41.92%.

Institutional Trading of JBG SMITH Properties

Several hedge funds have recently modified their holdings of JBGS. Victory Capital Management Inc. raised its stake in shares of JBG SMITH Properties by 15.5% during the 3rd quarter. Victory Capital Management Inc. now owns 76,171 shares of the company’s stock worth $1,331,000 after acquiring an additional 10,203 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of JBG SMITH Properties during the third quarter worth $400,000. Charles Schwab Investment Management Inc. boosted its position in shares of JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after purchasing an additional 105,384 shares in the last quarter. Citigroup Inc. grew its stake in JBG SMITH Properties by 1.1% during the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after buying an additional 32,027 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in JBG SMITH Properties by 7.6% in the third quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock valued at $503,000 after buying an additional 2,023 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

About JBG SMITH Properties

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.