Tudor Investment Corp ET AL Lowers Stock Holdings in Saul Centers, Inc. $BFS

Tudor Investment Corp ET AL reduced its position in Saul Centers, Inc. (NYSE:BFS) by 66.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,966 shares of the real estate investment trust’s stock after selling 20,176 shares during the period. Tudor Investment Corp ET AL’s holdings in Saul Centers were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd grew its stake in Saul Centers by 1.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 81,290 shares of the real estate investment trust’s stock worth $2,591,000 after acquiring an additional 1,087 shares during the period. Citadel Advisors LLC purchased a new stake in Saul Centers in the 3rd quarter worth approximately $509,000. Chevy Chase Trust Holdings LLC grew its stake in Saul Centers by 4.1% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 29,672 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 1,167 shares during the period. Ameriprise Financial Inc. grew its stake in Saul Centers by 543.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 189,830 shares of the real estate investment trust’s stock worth $6,050,000 after acquiring an additional 160,335 shares during the period. Finally, Man Group plc grew its stake in Saul Centers by 20.8% in the 3rd quarter. Man Group plc now owns 142,556 shares of the real estate investment trust’s stock worth $4,543,000 after acquiring an additional 24,500 shares during the period. 49.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saul Centers in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Saul Centers Stock Up 0.7%

NYSE BFS opened at $33.76 on Friday. The stock has a market cap of $827.12 million, a PE ratio of 30.97 and a beta of 0.96. Saul Centers, Inc. has a fifty-two week low of $29.16 and a fifty-two week high of $35.75. The business has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $32.04. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 5.48.

Saul Centers (NYSE:BFS) last released its earnings results on Friday, February 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.12). The business had revenue of $71.65 million for the quarter, compared to analysts’ expectations of $73.15 million. Saul Centers had a net margin of 12.94% and a return on equity of 12.48%. As a group, sell-side analysts predict that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, April 15th. Saul Centers’s dividend payout ratio is 216.51%.

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.