Wealthedge Investment Advisors LLC Invests $460,000 in Saul Centers, Inc. (NYSE:BFS)

Key Points

• Wealthedge Investment Advisors LLC has invested approximately $460,000 in Saul Centers, acquiring 12,750 shares during the first quarter.
• Other institutional investors have also increased their holdings in Saul Centers, with Public Sector Pension Investment Board raising their position by 98.1%, now owning 59,890 shares valued at $2,160,000.
• Saul Centers reported a quarterly EPS of $0.73, missing analysts' expectations of $0.75, with a revenue of $69.43 million against an anticipated $71.39 million.

Wealthedge Investment Advisors LLC acquired a new position in Saul Centers, Inc. (NYSE:BFS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,750 shares of the real estate investment trust's stock, valued at approximately $460,000. Wealthedge Investment Advisors LLC owned about 0.05% of Saul Centers as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in Saul Centers by 53.0% during the first quarter. Russell Investments Group Ltd. now owns 12,251 shares of the real estate investment trust's stock valued at $442,000 after acquiring an additional 4,246 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Saul Centers by 15.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 5,374 shares of the real estate investment trust's stock valued at $194,000 after acquiring an additional 707 shares in the last quarter. Public Sector Pension Investment Board raised its position in Saul Centers by 98.1% during the first quarter. Public Sector Pension Investment Board now owns 59,890 shares of the real estate investment trust's stock valued at $2,160,000 after acquiring an additional 29,664 shares in the last quarter. Nuveen LLC purchased a new position in Saul Centers during the first quarter valued at approximately $2,597,000. Finally, Invesco Ltd. raised its position in Saul Centers by 0.9% during the first quarter. Invesco Ltd. now owns 115,686 shares of the real estate investment trust's stock valued at $4,173,000 after acquiring an additional 1,016 shares in the last quarter. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Stock Down 1.0%

Shares of BFS stock opened at $32.61 on Friday. The stock has a 50 day moving average of $33.82 and a 200 day moving average of $34.48. 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 $794.58 million, a P/E ratio of 24.70 and a beta of 1.11. Saul Centers, Inc. has a twelve month low of $31.25 and a twelve month high of $42.39.

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

Saul Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Saul Centers's dividend payout ratio (DPR) 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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