Nuveen LLC Takes $2.60 Million Position in Saul Centers, Inc. $BFS

Key Points

• Nuveen LLC has taken a new position in Saul Centers, Inc. ($BFS), acquiring 72,012 shares valued at approximately $2.60 million, representing about 0.30% ownership of the company.
• Saul Centers recently reported earnings of $0.73 per share, missing the consensus estimate of $0.75, and had a revenue of $69.43 million for the quarter, below the estimated $71.39 million.
• The company announced a quarterly dividend of $0.59 per share, yielding approximately 7.0%, although its dividend payout ratio stands at a high 178.79%.

Nuveen LLC purchased a new position in Saul Centers, Inc. (NYSE:BFS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,012 shares of the real estate investment trust's stock, valued at approximately $2,597,000. Nuveen LLC owned 0.30% of Saul Centers as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Gallacher Capital Management LLC bought a new stake in shares of Saul Centers in the first quarter worth approximately $201,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saul Centers in the first quarter worth approximately $206,000. Mackenzie Financial Corp bought a new stake in shares of Saul Centers in the fourth quarter worth approximately $208,000. First Trust Advisors LP bought a new stake in shares of Saul Centers in the fourth quarter worth approximately $215,000. Finally, Deutsche Bank AG grew its stake in shares of Saul Centers by 23.9% in the first quarter. Deutsche Bank AG now owns 7,177 shares of the real estate investment trust's stock worth $259,000 after acquiring an additional 1,386 shares during the period. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Stock Performance

NYSE BFS traded up $0.30 during trading hours on Friday, hitting $34.14. 44,049 shares of the company's stock traded hands, compared to its average volume of 53,427. The business's fifty day moving average price is $33.54 and its two-hundred day moving average price is $34.19. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.16. The firm has a market capitalization of $832.09 million, a P/E ratio of 11.78 and a beta of 1.19. Saul Centers, Inc. has a 52 week low of $31.25 and a 52 week high of $42.39.

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

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Tuesday, July 15th. Saul Centers's payout ratio is 178.79%.

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.