Saul Centers, Inc. $BFS Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,505 shares of the real estate investment trust’s stock after selling 435 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Saul Centers were worth $973,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BFS. CWM LLC boosted its position in shares of Saul Centers by 105.3% in the second quarter. CWM LLC now owns 848 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 435 shares during the last quarter. Denali Advisors LLC increased its holdings in shares of Saul Centers by 3.9% during the 1st quarter. Denali Advisors LLC now owns 13,423 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 505 shares during the last quarter. Signaturefd LLC raised its position in shares of Saul Centers by 349.2% in the 2nd quarter. Signaturefd LLC now owns 867 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 674 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in Saul Centers by 15.1% in 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 during the last quarter. Finally, Royal Bank of Canada increased its stake in Saul Centers by 2.4% during the first quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 929 shares during the last quarter. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saul Centers in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Saul Centers Stock Up 1.5%

Shares of Saul Centers stock opened at $30.69 on Wednesday. The business has a 50-day moving average price of $32.12 and a 200 day moving average price of $33.04. Saul Centers, Inc. has a fifty-two week low of $29.76 and a fifty-two week high of $42.39. The firm has a market cap of $747.79 million, a P/E ratio of 23.25 and a beta of 1.16. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16.

Saul Centers (NYSE:BFS) last released its 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). Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. The business had revenue of $69.43 million for the quarter, compared to the consensus estimate of $71.39 million. On average, sell-side analysts forecast that Saul Centers, Inc. will post 3.14 earnings per share for the current fiscal year.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Saul Centers’s dividend payout ratio is 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.