JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 1,274,485 shares, a growth of 56.4% from the July 31st total of 815,121 shares. Based on an average trading volume of 485,598 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.1% of the company’s stock are short sold.

Shares of JBG SMITH Properties stock traded down $0.13 during trading hours on Friday, reaching $36.80. 652,956 shares of the stock traded hands, compared to its average volume of 506,443. JBG SMITH Properties has a one year low of $30.79 and a one year high of $38.91. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. The company has a market cap of $4.41 billion, a P/E ratio of 20.49 and a beta of 0.05.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Tuesday, August 14th were given a dividend of $0.225 per share. The ex-dividend date was Monday, August 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.45%.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus initiated coverage on JBG SMITH Properties in a report on Thursday, June 21st. They issued a “sell” rating and a $34.00 price objective for the company.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of JBG SMITH Properties by 11.9% during the 2nd quarter. BlackRock Inc. now owns 11,035,856 shares of the company’s stock valued at $402,478,000 after buying an additional 1,176,741 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in JBG SMITH Properties by 8.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 22,728 shares of the company’s stock worth $829,000 after purchasing an additional 1,859 shares in the last quarter. Strs Ohio lifted its holdings in JBG SMITH Properties by 26.3% in the 2nd quarter. Strs Ohio now owns 158,418 shares of the company’s stock worth $5,777,000 after purchasing an additional 32,993 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in JBG SMITH Properties by 10.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 495,612 shares of the company’s stock worth $18,082,000 after purchasing an additional 44,862 shares in the last quarter. Finally, North Fourth Asset Management LP purchased a new position in JBG SMITH Properties in the 2nd quarter worth approximately $2,954,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.

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