JPMorgan Chase & Co. Has $4 Million Stock Holdings in Saul Centers, Inc. $BFS

Key Points

• JPMorgan Chase & Co. boosted its stake in Saul Centers by 118.6% in Q3 to 125,345 shares, worth about $3.995 million and representing roughly 0.51% of the company.
• Saul Centers declared a quarterly dividend of $0.59 (annualized $2.36), implying a 7.2% yield, but with a very high payout ratio of 216.51% (ex-dividend April 15, payable April 30).
• The REIT missed quarterly estimates with $0.15 EPS vs. $0.27 expected and slightly lower revenue; the stock has a market cap of $808 million, a P/E of 30.27, and a 12-month range of $29.16–$36.21, with analysts' consensus rating at "Hold."

JPMorgan Chase & Co. increased its holdings in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 118.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,345 shares of the real estate investment trust's stock after purchasing an additional 68,018 shares during the quarter. JPMorgan Chase & Co. owned 0.51% of Saul Centers worth $3,995,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its holdings in shares of Saul Centers by 66,361.3% in the third quarter. Atlantic Union Bankshares Corp now owns 1,341,190 shares of the real estate investment trust's stock valued at $42,744,000 after buying an additional 1,339,172 shares during the period. Ameriprise Financial Inc. lifted its position 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 valued at $6,050,000 after acquiring an additional 160,335 shares in the last quarter. Invesco Ltd. lifted its position in Saul Centers by 32.3% in the 3rd quarter. Invesco Ltd. now owns 159,400 shares of the real estate investment trust's stock valued at $5,080,000 after acquiring an additional 38,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Saul Centers by 36.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust's stock worth $4,322,000 after purchasing an additional 31,722 shares during the period. Finally, Norges Bank acquired a new position in Saul Centers in the 2nd quarter worth $874,000. Institutional investors own 49.99% of the company's stock.

Saul Centers Price Performance

Shares of BFS opened at $33.00 on Friday. The stock has a market capitalization of $808.38 million, a P/E ratio of 30.27 and a beta of 0.96. Saul Centers, Inc. has a twelve month low of $29.16 and a twelve month high of $36.21. The company has a 50 day moving average of $33.50 and a 200-day moving average of $31.92. 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 - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.12). The business had revenue of $71.65 million during the quarter, compared to the consensus estimate of $73.15 million. Saul Centers had a return on equity of 12.48% and a net margin of 12.94%. As a group, equities research analysts forecast that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Wednesday, April 15th. Saul Centers's dividend payout ratio is currently 216.51%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Saul Centers in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

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.

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