Saul Centers, Inc. $BFS Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its stake in Saul Centers, Inc. (NYSE:BFS) by 66.9% during the third quarter, Holdings Channel.com reports. The fund owned 9,966 shares of the real estate investment trust’s stock after selling 20,176 shares during the period. Tudor Investment Corp ET AL’s holdings in Saul Centers were worth $318,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BFS. Atlantic Union Bankshares Corp boosted its position in shares of Saul Centers by 66,361.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,341,190 shares of the real estate investment trust’s stock worth $42,744,000 after purchasing an additional 1,339,172 shares during the period. Ameriprise Financial Inc. lifted its stake in Saul Centers by 543.6% during the third quarter. Ameriprise Financial Inc. now owns 189,830 shares of the real estate investment trust’s stock worth $6,050,000 after purchasing an additional 160,335 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Saul Centers by 118.6% during the third quarter. JPMorgan Chase & Co. now owns 125,345 shares of the real estate investment trust’s stock worth $3,995,000 after purchasing an additional 68,018 shares in the last quarter. Invesco Ltd. boosted its position in shares of Saul Centers by 32.3% during the third quarter. Invesco Ltd. now owns 159,400 shares of the real estate investment trust’s stock worth $5,080,000 after buying an additional 38,935 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Saul Centers by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust’s stock worth $4,322,000 after buying an additional 31,722 shares during the period. 49.99% of the stock is currently owned by institutional investors and hedge funds.

Saul Centers Trading Up 0.8%

Shares of Saul Centers stock opened at $32.85 on Thursday. The company has a fifty day simple moving average of $33.44 and a 200-day simple moving average of $31.91. The stock has a market cap of $804.64 million, a price-to-earnings ratio of 30.14 and a beta of 0.99. Saul Centers, Inc. has a 12-month low of $29.16 and a 12-month high of $36.42. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 5.48.

Saul Centers (NYSE:BFS) last posted its earnings results on Friday, February 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Saul Centers had a return on equity of 12.48% and a net margin of 12.94%.The firm had revenue of $71.65 million for the quarter, compared to analyst estimates of $73.15 million. On average, equities analysts forecast that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Saul Centers’s dividend payout ratio (DPR) is presently 216.51%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saul Centers in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.