Bank of New York Mellon Corp acquired a new position in Saul Centers, Inc. (NYSE:BFS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 120,616 shares of the real estate investment trust's stock, valued at approximately $4,510,000. Bank of New York Mellon Corp owned 0.49% of Saul Centers at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Saul Centers during the second quarter worth approximately $27,000. CWM LLC boosted its holdings in Saul Centers by 35.8% in the fourth quarter. CWM LLC now owns 1,444 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 381 shares in the last quarter. Bessemer Group Inc. grew its stake in Saul Centers by 82.9% in the first quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 640 shares during the period. Rockefeller Capital Management L.P. increased its stake in Saul Centers by 1,011.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 1,912 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Saul Centers in the 1st quarter worth about $70,000. 49.99% of the stock is currently owned by institutional investors and hedge funds.
Saul Centers Stock Performance
NYSE:BFS opened at $32.54 on Friday. The business's 50-day moving average price is $35.01 and its two-hundred day moving average price is $34.67. Saul Centers, Inc. has a twelve month low of $29.16 and a twelve month high of $38.42. The stock has a market cap of $804.39 million, a P/E ratio of 33.55 and a beta of 0.90. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.64.
Saul Centers (NYSE:BFS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $78.98 million. Saul Centers had a return on equity of 11.97% and a net margin of 11.54%.
Saul Centers Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Wednesday, July 15th. Saul Centers's dividend payout ratio is currently 243.30%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Saul Centers in a research report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".
Read Our Latest Report on BFS
Saul Centers Company Profile
(
Free Report)
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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