Saul Centers, Inc. $BFS Shares Sold by XML Financial LLC

XML Financial LLC trimmed its position in shares of Saul Centers, Inc. (NYSE:BFS) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,370 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. XML Financial LLC owned approximately 0.09% of Saul Centers worth $764,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Saul Centers by 1.9% in the 4th quarter. Bank of America Corp DE now owns 22,029 shares of the real estate investment trust’s stock worth $855,000 after buying an additional 409 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Saul Centers during the fourth quarter worth about $208,000. GAMMA Investing LLC lifted its holdings in shares of Saul Centers by 5,187.5% in the first quarter. GAMMA Investing LLC now owns 9,306 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 9,130 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Saul Centers in the first quarter valued at approximately $792,000. Finally, Denali Advisors LLC increased its stake 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 purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.

Saul Centers Trading Up 1.6%

Shares of Saul Centers stock opened at $31.86 on Wednesday. Saul Centers, Inc. has a 1 year low of $31.15 and a 1 year high of $42.39. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day moving average price of $32.67 and a 200 day moving average price of $33.57. The company has a market capitalization of $776.43 million, a P/E ratio of 24.14 and a beta of 1.19.

Saul Centers (NYSE:BFS) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 EPS 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 company had revenue of $69.43 million for the quarter, compared to analyst estimates of $71.39 million. Sell-side analysts anticipate that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $2.36 annualized dividend and a yield of 7.4%. Saul Centers’s 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.