12,750 Shares in Saul Centers, Inc. $BFS Bought by Wealthedge Investment Advisors LLC

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 bought a new position in Saul Centers, Inc. (NYSE:BFS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 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 hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Saul Centers by 56.2% in the fourth quarter. JPMorgan Chase & Co. now owns 86,974 shares of the real estate investment trust's stock worth $3,375,000 after acquiring an additional 31,308 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Saul Centers by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 52,749 shares of the real estate investment trust's stock valued at $2,047,000 after purchasing an additional 1,024 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Saul Centers by 0.5% in the 4th quarter. Invesco Ltd. now owns 114,670 shares of the real estate investment trust's stock worth $4,449,000 after purchasing an additional 598 shares during the period. Renaissance Technologies LLC increased its position in shares of Saul Centers by 6.4% during the 4th quarter. Renaissance Technologies LLC now owns 279,674 shares of the real estate investment trust's stock valued at $10,851,000 after purchasing an additional 16,800 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Saul Centers by 51.5% during the 4th quarter. Barclays PLC now owns 31,715 shares of the real estate investment trust's stock valued at $1,230,000 after purchasing an additional 10,783 shares during the last quarter. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Trading Down 0.1%

BFS traded down $0.03 during trading on Wednesday, reaching $33.36. The company had a trading volume of 8,258 shares, compared to its average volume of 54,918. 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 business has a 50 day simple moving average of $33.70 and a 200-day simple moving average of $34.39. The stock has a market cap of $812.88 million, a P/E ratio of 25.27 and a beta of 1.11. Saul Centers, Inc. has a 52 week low of $31.25 and a 52 week high of $42.39.

Saul Centers (NYSE:BFS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.73 earnings per share 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 firm had revenue of $69.43 million for the quarter, compared to the consensus estimate of $71.39 million. On average, equities analysts anticipate that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued 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 Company 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.