Wells Fargo & Company MN lifted its position in shares of Saul Centers Inc (NYSE:BFS) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,026 shares of the real estate investment trust’s stock after buying an additional 6,013 shares during the quarter. Wells Fargo & Company MN owned approximately 1.05% of Saul Centers worth $14,203,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of Saul Centers by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 1,660 shares in the last quarter. Bank of Montreal Can increased its holdings in Saul Centers by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after acquiring an additional 1,554 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Saul Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,117 shares of the real estate investment trust’s stock worth $11,024,000 after buying an additional 8,385 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Saul Centers by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,671 shares of the real estate investment trust’s stock worth $6,666,000 after buying an additional 2,625 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Saul Centers by 30.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,640 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 2,237 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.
Saul Centers stock traded down $0.68 during trading hours on Friday, hitting $49.65. The company had a trading volume of 26,249 shares, compared to its average volume of 34,557. Saul Centers Inc has a 1 year low of $48.11 and a 1 year high of $65.43. The stock has a market cap of $1,107.26, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. The company has a debt-to-equity ratio of 4.50, a current ratio of 2.81 and a quick ratio of 2.81.
Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.39). Saul Centers had a return on equity of 23.40% and a net margin of 21.23%. The business had revenue of $56.68 million during the quarter, compared to analysts’ expectations of $55.50 million. research analysts expect that Saul Centers Inc will post 3.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a $0.52 dividend. The ex-dividend date is Friday, April 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.19%. Saul Centers’s payout ratio is presently 65.41%.
A number of research firms have recently weighed in on BFS. B. Riley began coverage on shares of Saul Centers in a report on Thursday. They issued a “neutral” rating and a $54.00 target price on the stock. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Finally, DA Davidson set a $55.00 price target on shares of Saul Centers and gave the company a “hold” rating in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Saul Centers presently has an average rating of “Hold” and an average target price of $54.50.
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Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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