Public Sector Pension Investment Board Increases Position in Saul Centers, Inc. $BFS

Key Points

• The Public Sector Pension Investment Board increased its stake in Saul Centers, Inc. by 98.1% in Q1, acquiring a total of 59,890 shares worth $2.16 million.
• Saul Centers reported earnings per share of $0.73 for Q2, falling short of analyst expectations of $0.75, along with a quarterly revenue of $69.43 million.
• The company declared a quarterly dividend of $0.59 per share with an annualized yield of 7.1%, although its payout ratio stands at 178.79%.

Public Sector Pension Investment Board lifted its position in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 98.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,890 shares of the real estate investment trust's stock after acquiring an additional 29,664 shares during the quarter. Public Sector Pension Investment Board owned 0.25% of Saul Centers worth $2,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BFS. Gallacher Capital Management LLC acquired a new position in shares of Saul Centers during the first quarter worth about $201,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Saul Centers during the first quarter worth about $206,000. Mackenzie Financial Corp acquired a new position in shares of Saul Centers during the fourth quarter worth about $208,000. First Trust Advisors LP acquired a new position in shares of Saul Centers during the fourth quarter worth about $215,000. Finally, Deutsche Bank AG increased its stake in shares of Saul Centers by 23.9% during 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 and hedge funds.

Saul Centers Trading Down 1.1%

Shares of Saul Centers stock opened at $33.03 on Thursday. Saul Centers, Inc. has a 52-week low of $31.25 and a 52-week high of $42.39. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. The company's 50-day simple moving average is $33.66 and its 200-day simple moving average is $34.38. The firm has a market cap of $804.94 million, a price-to-earnings ratio of 25.02 and a beta of 1.11.

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

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.1%. The ex-dividend date was Tuesday, July 15th. Saul Centers's dividend payout ratio is presently 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.

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