JBG SMITH Properties (NYSE:JBGS) Sees Large Drop in Short Interest

JBG SMITH Properties (NYSE:JBGS) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 8,835,065 shares, a drop of 13.3% from the March 15th total of 10,190,775 shares. Based on an average daily volume of 911,766 shares, the days-to-cover ratio is presently 9.7 days. Approximately 17.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $18.50.

Institutional Investors Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock valued at $29,000 after buying an additional 510 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after buying an additional 650 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after buying an additional 987 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC increased its stake in JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after purchasing an additional 1,741 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Up 2.0%

Shares of JBG SMITH Properties stock opened at $15.88 on Friday. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 2.16. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $24.30. The firm has a market capitalization of $936.78 million, a PE ratio of -7.52 and a beta of 1.14. The firm’s 50-day moving average price is $15.14 and its 200 day moving average price is $17.24.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 17th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). JBG SMITH Properties had a negative return on equity of 10.61% and a negative net margin of 27.89%.The business had revenue of $127.56 million during the quarter, compared to analysts’ expectations of $122.44 million.

About JBG SMITH Properties

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.