Vanguard Group Inc. lifted its stake in shares of Saul Centers, Inc. (NYSE:BFS – Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,966,888 shares of the real estate investment trust’s stock after acquiring an additional 56,758 shares during the quarter. Vanguard Group Inc. owned approximately 8.06% of Saul Centers worth $62,016,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Saul Centers by 3.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,069 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 1,580 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Saul Centers during the 4th quarter valued at $300,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Saul Centers by 28.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,578 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 1,224 shares in the last quarter. CWM LLC boosted its position in Saul Centers by 35.8% during the 4th quarter. CWM LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 381 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Saul Centers by 450.6% during the 4th quarter. Signaturefd LLC now owns 1,795 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,469 shares in the last quarter. 49.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saul Centers in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Saul Centers has an average rating of “Hold”.
Saul Centers Stock Down 1.0%
Shares of NYSE BFS opened at $33.58 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $823.93 million, a PE ratio of 31.67 and a beta of 0.93. The stock’s fifty day simple moving average is $33.71 and its two-hundred day simple moving average is $32.49. Saul Centers, Inc. has a 12-month low of $29.16 and a 12-month high of $35.75.
Saul Centers (NYSE:BFS – Get Free Report) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $74.64 million during the quarter, compared to the consensus estimate of $75.11 million. Saul Centers had a net margin of 12.43% and a return on equity of 12.44%.
Saul Centers Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.0%. The ex-dividend date was Wednesday, April 15th. Saul Centers’s dividend payout ratio (DPR) is 222.64%.
About Saul Centers
Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.
Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.
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