JBG SMITH Properties (NYSE:JBGS) to Issue $0.18 Quarterly Dividend

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Tuesday, December 16th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.175 per share on Tuesday, January 13th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

JBG SMITH Properties has decreased its dividend payment by an average of 0.0%annually 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 Stock Up 0.6%

JBGS stock traded up $0.10 during mid-day trading on Wednesday, reaching $17.40. The company had a trading volume of 31,601 shares, compared to its average volume of 1,056,151. The firm has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $19.61. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.67 and a current ratio of 3.67. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -8.50 and a beta of 1.15. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.64. JBG SMITH Properties had a negative return on equity of 10.41% and a negative net margin of 30.57%.The business had revenue of $123.87 million during the quarter, compared to the consensus estimate of $120.57 million.

Insiders Place Their Bets

In related news, insider Steven A. Museles sold 16,253 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $19.58, for a total value of $318,233.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by company insiders.

Institutional Trading of JBG SMITH Properties

A number of large investors have recently made changes to their positions in the company. Long Pond Capital LP increased its position in JBG SMITH Properties by 6.4% during the second quarter. Long Pond Capital LP now owns 3,834,033 shares of the company’s stock worth $66,329,000 after buying an additional 230,150 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of JBG SMITH Properties by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after acquiring an additional 78,737 shares during the last quarter. Northern Trust Corp grew its position in shares of JBG SMITH Properties by 1.9% during the first quarter. Northern Trust Corp now owns 1,662,628 shares of the company’s stock worth $26,785,000 after acquiring an additional 30,998 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of JBG SMITH Properties by 51.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock valued at $17,893,000 after acquiring an additional 273,118 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of JBG SMITH Properties by 10.5% in the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company’s stock valued at $12,301,000 after acquiring an additional 72,318 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

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.