AlphaQuest LLC grew its position in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 139.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,910 shares of the real estate investment trust's stock after purchasing an additional 9,255 shares during the quarter. AlphaQuest LLC owned approximately 0.07% of Saul Centers worth $574,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its stake in Saul Centers by 51.5% in the 4th quarter. Barclays PLC now owns 31,715 shares of the real estate investment trust's stock valued at $1,230,000 after acquiring an additional 10,783 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Saul Centers by 20.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,198 shares of the real estate investment trust's stock valued at $667,000 after acquiring an additional 2,899 shares during the period. First Trust Advisors LP acquired a new stake in Saul Centers in the 4th quarter valued at $215,000. Price T Rowe Associates Inc. MD grew its stake in Saul Centers by 12.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,436 shares of the real estate investment trust's stock valued at $2,268,000 after acquiring an additional 6,302 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Saul Centers in the 4th quarter valued at $296,000. 49.99% of the stock is owned by hedge funds and other institutional investors.
Saul Centers Price Performance
Saul Centers stock traded up $0.30 during trading on Friday, reaching $34.14. The company had a trading volume of 44,049 shares, compared to its average volume of 55,286. The firm's 50-day simple moving average is $33.54 and its 200 day simple moving average is $34.23. Saul Centers, Inc. has a 1-year low of $31.25 and a 1-year high of $42.39. The firm has a market capitalization of $832.09 million, a PE ratio of 25.87 and a beta of 1.11. The company has a debt-to-equity ratio of 5.16, a quick ratio of 1.28 and a current ratio of 1.28.
Saul Centers (NYSE:BFS - Get Free Report) last released 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 net margin of 15.51% and a return on equity of 13.79%. The company had revenue of $69.43 million during 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 fiscal year.
Saul Centers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a 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 Profile
(
Free Report)
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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