JBG SMITH Properties Announces Quarterly Dividend of $0.18 (NYSE:JBGS)

JBG SMITH Properties (NYSE:JBGS) declared a quarterly dividend on Monday, December 16th,RTT News reports. Investors of record on Monday, December 30th will be given a dividend of 0.175 per share on Tuesday, January 14th. This represents a $0.70 dividend on an annualized basis and a yield of 4.21%.

JBG SMITH Properties has increased its dividend payment by an average of 11.3% per year over the last three years. JBG SMITH Properties has a dividend payout ratio of -42.7% 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 Up 1.8 %

Shares of JBG SMITH Properties stock opened at $16.61 on Tuesday. The company’s fifty day simple moving average is $16.92 and its 200-day simple moving average is $16.62. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -12.78 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%. The business had revenue of $136.03 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JBGS shares. BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI lifted their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th.

About JBG SMITH Properties

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.