Quantinno Capital Management LP grew its stake in shares of Saul Centers, Inc. (NYSE:BFS – Free Report) by 50.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,635 shares of the real estate investment trust’s stock after purchasing an additional 14,590 shares during the quarter. Quantinno Capital Management LP owned about 0.18% of Saul Centers worth $1,422,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Saul Centers by 2.4% in the 1st quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust’s stock valued at $1,411,000 after buying an additional 929 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Saul Centers in the first quarter valued at $118,000. Jacobs Levy Equity Management Inc. acquired a new position in Saul Centers during the first quarter worth $392,000. Goldman Sachs Group Inc. raised its position in Saul Centers by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust’s stock worth $4,322,000 after acquiring an additional 31,722 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Saul Centers by 152.5% during the first quarter. Jane Street Group LLC now owns 22,477 shares of the real estate investment trust’s stock worth $811,000 after acquiring an additional 13,576 shares in the last quarter. Institutional investors own 49.99% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Saul Centers in a research note on Friday, July 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Saul Centers currently has a consensus rating of “Hold”.
Saul Centers Stock Performance
Shares of NYSE BFS opened at $34.96 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.64. Saul Centers, Inc. has a 12 month low of $29.16 and a 12 month high of $38.42. The stock has a 50 day moving average of $36.04 and a 200-day moving average of $34.62. The company has a market capitalization of $864.24 million, a P/E ratio of 36.04 and a beta of 0.91.
Saul Centers (NYSE:BFS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Saul Centers had a return on equity of 11.97% and a net margin of 11.54%.The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $78.98 million.
Saul Centers Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, July 15th. Saul Centers’s payout ratio is currently 243.30%.
Insider Buying and Selling at Saul Centers
In related news, COO David Todd Pearson bought 2,600 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $34.74 per share, for a total transaction of $90,324.00. Following the purchase, the chief operating officer owned 79,321 shares in the company, valued at $2,755,611.54. This represents a 3.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 51.00% of the stock is owned by insiders.
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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