Saul Centers, Inc. (NYSE:BFS) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in shares of Saul Centers, Inc. (NYSE:BFS) by 149.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,512 shares of the real estate investment trust’s stock after purchasing an additional 24,281 shares during the period. Los Angeles Capital Management LLC’s holdings in Saul Centers were worth $1,700,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its position in Saul Centers by 9.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,616 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 1,627 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Saul Centers in the third quarter worth about $287,000. DiNuzzo Private Wealth Inc. purchased a new position in Saul Centers in the third quarter valued at about $25,000. SG Americas Securities LLC acquired a new stake in Saul Centers during the 3rd quarter valued at approximately $262,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Saul Centers during the 2nd quarter worth approximately $228,000. 49.99% of the stock is owned by institutional investors and hedge funds.

Saul Centers Stock Down 1.1 %

NYSE:BFS opened at $40.26 on Thursday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $973.08 million, a price-to-earnings ratio of 21.88 and a beta of 1.11. Saul Centers, Inc. has a one year low of $34.87 and a one year high of $42.39. The stock has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $38.69.

Saul Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.36 annualized dividend and a dividend yield of 5.86%. Saul Centers’s payout ratio is 128.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on BFS shares. StockNews.com cut Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. B. Riley increased their price objective on shares of Saul Centers from $43.50 to $45.50 and gave the company a “buy” rating in a research note on Thursday, August 22nd.

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.