Saul Centers, Inc. $BFS Position Raised by State Street Corp

Key Points

• State Street increased its Saul Centers stake by 9.9% in the second quarter, bringing its holdings to 570,914 shares valued at approximately $21.3 million, or 2.31% of the REIT. Institutional investors collectively own 49.99% of the company.
• Saul Centers reported quarterly EPS of $0.24, beating the $0.14 consensus estimate, although revenue of $72.8 million fell short of expectations. Shares opened at $30.06, near the lower end of their 12-month range.
• The company declared a quarterly dividend of $0.59, or $2.36 annualized, representing a 7.9% yield; analysts maintain a “Hold” consensus, while the payout ratio stands at 243.3%.

State Street Corp grew its holdings in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 9.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 570,914 shares of the real estate investment trust's stock after purchasing an additional 51,504 shares during the quarter. State Street Corp owned about 2.31% of Saul Centers worth $21,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in Saul Centers by 82.9% in the 1st quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 640 shares during the period. Jones Financial Companies Lllp lifted its stake in Saul Centers by 53.5% in the 2nd quarter. Jones Financial Companies Lllp now owns 1,463 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 510 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Saul Centers by 1,011.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 1,912 shares in the last quarter. State of Wyoming bought a new position in Saul Centers in the 1st quarter worth about $70,000. Finally, GAMMA Investing LLC raised its holdings in shares of Saul Centers by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,036 shares of the real estate investment trust's stock valued at $151,000 after acquiring an additional 420 shares in the last quarter. Institutional investors own 49.99% of the company's stock.

Saul Centers Stock Performance

Shares of BFS stock opened at $30.06 on Friday. Saul Centers, Inc. has a 12 month low of $29.16 and a 12 month high of $38.42. The stock has a market cap of $743.06 million, a PE ratio of 30.99 and a beta of 0.90. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.64. The company's fifty day moving average price is $33.24 and its 200-day moving average price is $34.28.

Saul Centers (NYSE:BFS - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%. The business had revenue of $72.80 million during the quarter, compared to analysts' expectations of $78.98 million.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.59 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.36 annualized dividend and a yield of 7.9%. Saul Centers's payout ratio is presently 243.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Saul Centers in a report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Saul Centers Company Profile

Saul Centers, Inc is a self-managed real estate investment trust that owns, operates, acquires, develops, and redevelops income-producing commercial real estate. The company's portfolio is primarily composed of grocery-anchored community and neighborhood shopping centers, as well as mixed-use properties that combine retail, office, residential, and other uses.

The company focuses on leasing space to retailers, restaurants, service providers, and other commercial tenants. Its properties are concentrated in the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and nearby markets in Maryland and Virginia, with an emphasis on locations serving established residential communities.

Saul Centers was established in 1993 and is affiliated with B.F.

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