JBG SMITH Properties (NYSE:JBGS) Announces Quarterly Dividend of $0.23

JBG SMITH Properties (NYSE:JBGSGet Rating) announced a quarterly dividend on Monday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.225 per share on Friday, May 27th. This represents a $0.90 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, May 12th.

JBG SMITH Properties has decreased its dividend payment by an average of 3.5% per year over the last three years. JBG SMITH Properties has a payout ratio of -195.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect JBG SMITH Properties to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 61.2%.

Shares of JBG SMITH Properties stock opened at $26.01 on Tuesday. The stock has a fifty day simple moving average of $27.99. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.84. JBG SMITH Properties has a 12 month low of $25.33 and a 12 month high of $34.98.

JBG SMITH Properties (NYSE:JBGSGet Rating) last issued its earnings results on Tuesday, February 22nd. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.78). JBG SMITH Properties had a negative return on equity of 2.56% and a negative net margin of 12.49%. During the same period last year, the firm posted $0.25 earnings per share. As a group, analysts predict that JBG SMITH Properties will post 1.43 earnings per share for the current fiscal year.

Several analysts have recently commented on JBGS shares. Zacks Investment Research cut JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. Wolfe Research assumed coverage on JBG SMITH Properties in a research report on Wednesday, January 5th. They set an “outperform” rating and a $37.00 price objective for the company.

Hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY lifted its position in shares of JBG SMITH Properties by 5.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 28,113 shares of the company’s stock worth $807,000 after buying an additional 1,492 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of JBG SMITH Properties in the 4th quarter valued at approximately $222,000. Cubist Systematic Strategies LLC lifted its holdings in JBG SMITH Properties by 19.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 92,412 shares of the company’s stock worth $2,653,000 after purchasing an additional 14,742 shares during the last quarter. Squarepoint Ops LLC bought a new stake in JBG SMITH Properties during the fourth quarter worth approximately $661,000. Finally, Citadel Advisors LLC boosted its position in JBG SMITH Properties by 1,012.6% during the fourth quarter. Citadel Advisors LLC now owns 87,893 shares of the company’s stock worth $2,523,000 after purchasing an additional 79,993 shares during the period. 88.83% of the stock is owned by institutional investors.

About JBG SMITH Properties (Get Rating)

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.

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Dividend History for JBG SMITH Properties (NYSE:JBGS)

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