Crossingbridge Advisors LLC Decreases Position in Saul Centers, Inc. $BFS

Key Points

• Crossingbridge Advisors LLC reduced its stake in Saul Centers, Inc. by 33.3% in Q1, having sold 10,000 shares, now holding 20,000 shares valued at $721,000.
• Saul Centers reported a Q2 EPS of $0.73, missing analyst estimates of $0.75, alongside revenue of $69.43 million, which also fell short of the forecasted $71.39 million.
• The company declared a dividend of $0.59 per share with a yield of 7.1%, while maintaining a high dividend payout ratio of 178.79%.

Crossingbridge Advisors LLC lessened its stake in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the real estate investment trust's stock after selling 10,000 shares during the quarter. Crossingbridge Advisors LLC owned about 0.08% of Saul Centers worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BFS. Wells Fargo & Company MN raised its holdings in shares of Saul Centers by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 52,749 shares of the real estate investment trust's stock worth $2,047,000 after acquiring an additional 1,024 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Saul Centers by 0.5% in the 4th quarter. Invesco Ltd. now owns 114,670 shares of the real estate investment trust's stock worth $4,449,000 after acquiring an additional 598 shares during the last quarter. Barclays PLC raised its holdings in shares of Saul Centers by 51.5% in the 4th quarter. Barclays PLC now owns 31,715 shares of the real estate investment trust's stock worth $1,230,000 after acquiring an additional 10,783 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Saul Centers by 20.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,198 shares of the real estate investment trust's stock worth $667,000 after acquiring an additional 2,899 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Saul Centers in the 4th quarter worth about $215,000. Institutional investors and hedge funds own 49.99% of the company's stock.

Saul Centers Stock Up 0.5%

NYSE:BFS traded up $0.18 on Tuesday, hitting $33.77. The stock had a trading volume of 8,204 shares, compared to its average volume of 54,805. The company has a debt-to-equity ratio of 5.16, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $822.90 million, a P/E ratio of 25.58 and a beta of 1.11. Saul Centers, Inc. has a 1 year low of $31.25 and a 1 year high of $42.39. The firm's fifty day simple moving average is $33.61 and its two-hundred day simple moving average is $34.27.

Saul Centers (NYSE:BFS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $69.43 million during the quarter, compared to analysts' expectations of $71.39 million. Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. Analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.59 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $2.36 annualized dividend and a yield of 7.0%. Saul Centers's dividend payout ratio (DPR) is 178.79%.

Saul Centers Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.