JBG SMITH Properties Plans Quarterly Dividend of $0.17 (NYSE:JBGS)

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be given a dividend of 0.175 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, August 13th.

JBG SMITH Properties has decreased its dividend by an average of 0.0%per year over the last three years. JBG SMITH Properties has a dividend payout ratio of -36.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Trading Down 2.7%

Shares of JBG SMITH Properties stock opened at $14.13 on Friday. The company has a fifty day simple moving average of $14.63 and a 200-day simple moving average of $15.21. JBG SMITH Properties has a 12-month low of $13.71 and a 12-month high of $24.30. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. The stock has a market cap of $823.45 million, a price-to-earnings ratio of -7.56 and a beta of 1.07.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.The company had revenue of $127.60 million for the quarter.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of JBG SMITH Properties stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total value of $300,350.10. Following the transaction, the insider directly owned 12,032 shares in the company, valued at approximately $180,600.32. The trade was a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors have recently added to or reduced their stakes in JBGS. Daiwa Securities Group Inc. lifted its stake in shares of JBG SMITH Properties by 2.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 23,140 shares of the company’s stock valued at $394,000 after buying an additional 655 shares during the period. Ballentine Partners LLC boosted its position in JBG SMITH Properties by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 14,472 shares of the company’s stock worth $246,000 after acquiring an additional 683 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in JBG SMITH Properties by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock worth $38,000 after acquiring an additional 765 shares during the period. State of Tennessee Department of Treasury grew its stake in JBG SMITH Properties by 2.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock worth $675,000 after acquiring an additional 798 shares during the period. Finally, Royal Bank of Canada raised its holdings in JBG SMITH Properties by 20.6% in the 4th quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock valued at $84,000 after acquiring an additional 837 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.