Mackenzie Financial Corp Acquires 16,117 Shares of Saul Centers, Inc. (NYSE:BFS)

Mackenzie Financial Corp grew its position in Saul Centers, Inc. (NYSE:BFS - Free Report) by 300.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,473 shares of the real estate investment trust's stock after purchasing an additional 16,117 shares during the period. Mackenzie Financial Corp owned about 0.09% of Saul Centers worth $775,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Saul Centers during the 4th quarter worth about $105,000. Resona Asset Management Co. Ltd. bought a new stake in Saul Centers during the 4th quarter worth about $179,000. First Trust Advisors LP bought a new stake in Saul Centers during the 4th quarter worth about $215,000. Gallacher Capital Management LLC bought a new stake in Saul Centers during the 1st quarter worth about $201,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Saul Centers during the 1st quarter worth about $206,000. Institutional investors and hedge funds own 49.99% of the company's stock.

Saul Centers Trading Down 0.0%

NYSE:BFS traded down $0.00 on Friday, hitting $32.72. 59,316 shares of the stock were exchanged, compared to its average volume of 60,407. The stock has a market capitalization of $791.75 million, a price-to-earnings ratio of 24.79 and a beta of 1.11. Saul Centers, Inc. has a 52 week low of $31.25 and a 52 week high of $42.39. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50-day moving average price is $33.93 and its 200 day moving average price is $34.57.

Saul Centers (NYSE:BFS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $69.43 million for the quarter, compared to the consensus estimate of $71.39 million. Saul Centers had a return on equity of 13.66% and a net margin of 15.51%. On average, equities research analysts forecast that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.2%. The ex-dividend date was Tuesday, July 15th. Saul Centers's dividend payout ratio (DPR) is 160.54%.

Insider Buying and Selling

In related news, CEO B Francis Saul II bought 2,821 shares of Saul Centers stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $33.22 per share, with a total value of $93,713.62. Following the purchase, the chief executive officer owned 217,397 shares in the company, valued at approximately $7,221,928.34. This trade represents a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have purchased 10,210 shares of company stock worth $341,786. Company insiders own 56.57% of the company's stock.

Saul Centers Company 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.