Goldman Sachs Group Inc. Has $4.32 Million Stock Position in Saul Centers, Inc. $BFS

Key Points

• Goldman Sachs Group Inc. increased its stake in Saul Centers, Inc. by 36.0%, now owning 119,824 shares worth approximately $4.32 million.
• Several other institutional investors also boosted their stakes, with Citadel Advisors LLC raising its ownership by 84.6% during the last quarter.
• Saul Centers reported a $0.73 EPS for the last quarter, missing the consensus estimate of $0.75, and had a revenue of $69.43 million against analyst forecasts of $71.39 million.

Goldman Sachs Group Inc. increased its stake in Saul Centers, Inc. (NYSE:BFS - Free Report) by 36.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,824 shares of the real estate investment trust's stock after acquiring an additional 31,722 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.50% of Saul Centers worth $4,322,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Strs Ohio acquired a new position in shares of Saul Centers in the 1st quarter worth $76,000. Cubist Systematic Strategies LLC acquired a new position in shares of Saul Centers in the 1st quarter worth $118,000. Mackenzie Financial Corp acquired a new position in shares of Saul Centers in the 4th quarter worth $208,000. Resona Asset Management Co. Ltd. grew its holdings in shares of Saul Centers by 15.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,374 shares of the real estate investment trust's stock worth $194,000 after acquiring an additional 707 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in shares of Saul Centers in the 1st quarter worth $201,000. 49.99% of the stock is currently owned by institutional investors and hedge funds.

Saul Centers Price Performance

Shares of NYSE BFS traded down $0.62 during mid-day trading on Friday, reaching $31.75. The company had a trading volume of 135,778 shares, compared to its average volume of 59,856. 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 stock has a market cap of $773.63 million, a PE ratio of 24.05 and a beta of 1.19. The company has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $33.78. Saul Centers, Inc. has a 1-year low of $31.25 and a 1-year high of $42.39.

Saul Centers (NYSE:BFS - Get Free Report) last issued its 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 company had revenue of $69.43 million during the quarter, compared to analyst estimates of $71.39 million. On average, equities analysts anticipate that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

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.