1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership cut its holdings in Saul Centers, Inc. ( NYSE:BFS – Free Report ) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 19,044 shares of the real estate investment trust’s stock after selling 2,949 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.08% of Saul Centers worth $739,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Saul Centers by 4.
4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,000 shares of the real estate investment trust’s stock worth $4,229,000 after buying an additional 4,547 shares during the period.
JPMorgan Chase & Co. increased its stake in Saul Centers by 56.2% during the 4th quarter.
JPMorgan Chase & Co. now owns 86,974 shares of the real estate investment trust’s stock valued at $3,375,000 after purchasing an additional 31,308 shares in the last quarter. Norges Bank acquired a new position in Saul Centers during the fourth quarter worth $2,398,000.
Rhumbline Advisers grew its holdings in shares of Saul Centers by 1.7% during the fourth quarter. Rhumbline Advisers now owns 34,243 shares of the real estate investment trust’s stock valued at $1,329,000 after buying an additional 575 shares during the last quarter.
Finally, Jane Street Group LLC increased its position in shares of Saul Centers by 75.7% during the third quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 14,755 shares in the last quarter.
49.99% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, StockNews.
com downgraded Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Saul Centers Stock Up 1.5 % BFS opened at $32.
80 on Friday. Saul Centers, Inc. has a fifty-two week low of $31.
59 and a fifty-two week high of $42.39. The company has a debt-to-equity ratio of 4.
61, a current ratio of 1.13 and a quick ratio of 1.13.
The company’s 50-day moving average is $35.85 and its 200 day moving average is $38.11.
The firm has a market capitalization of $793.67 million, a P/E ratio of 17.82 and a beta of 0.
97. Saul Centers ( NYSE:BFS – Get Free Report ) last announced its earnings results on Friday, February 28th. The real estate investment trust reported $0.
63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31.
The firm had revenue of $67.92 million for the quarter, compared to the consensus estimate of $68.94 million.
Saul Centers had a return on equity of 17.16% and a net margin of 20.84%.
Research analysts expect that Saul Centers, Inc. will post 3.14 earnings per share for the current fiscal year.
Saul Centers Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.59 dividend.
The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.36 dividend on an annualized basis and a yield of 7.
20%. Saul Centers’s dividend payout ratio (DPR) is presently 144.79%.
About Saul Centers ( 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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