GSA Capital Partners LLP bought a new stake in shares of Saul Centers Inc. (NYSE:BFS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,825 shares of the company’s stock, valued at approximately $359,000.
Other institutional investors have also bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. raised its position in Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares during the period. BNP Paribas Arbitrage SA raised its position in Saul Centers by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,748 shares of the company’s stock valued at $231,000 after buying an additional 2,058 shares during the period. KBC Group NV raised its position in Saul Centers by 104.7% in the second quarter. KBC Group NV now owns 4,137 shares of the company’s stock valued at $255,000 after buying an additional 2,116 shares during the period. Capstone Asset Management Co. acquired a new position in Saul Centers during the second quarter valued at approximately $262,000. Finally, 1st Global Advisors Inc. raised its position in Saul Centers by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 4,293 shares of the company’s stock valued at $265,000 after buying an additional 47 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Saul Centers Inc. (NYSE:BFS) traded up 0.49% during trading on Friday, hitting $67.79. The company’s stock had a trading volume of 25,500 shares. The company has a market cap of $1.45 billion, a PE ratio of 43.74 and a beta of 0.66. The firm’s 50 day moving average price is $65.87 and its 200-day moving average price is $59.45. Saul Centers Inc. has a 52 week low of $46.46 and a 52 week high of $68.75.
Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. The company earned $52.70 million during the quarter, compared to analyst estimates of $52.20 million. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. On average, analysts predict that Saul Centers Inc. will post $3.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. Saul Centers’s dividend payout ratio (DPR) is presently 121.29%.
Several equities analysts have issued reports on the company. TheStreet lowered Saul Centers from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
In related news, CFO Scott V. Schneider sold 2,940 shares of Saul Centers stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $60.10, for a total transaction of $176,694.00. Following the transaction, the chief financial officer now owns 3,000 shares in the company, valued at approximately $180,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John F. Collich sold 12,332 shares of Saul Centers stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $61.73, for a total transaction of $761,254.36. Following the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $61,730. The disclosure for this sale can be found here. 50.80% of the stock is currently owned by company insiders.
About Saul Centers
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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