Geode Capital Management LLC raised its stake in shares of Saul Centers Inc (NYSE:BFS) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,454 shares of the real estate investment trust’s stock after purchasing an additional 4,618 shares during the quarter. Geode Capital Management LLC’s holdings in Saul Centers were worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Saul Centers during the third quarter valued at approximately $163,000. Teacher Retirement System of Texas bought a new stake in Saul Centers during the fourth quarter valued at approximately $277,000. Bowling Portfolio Management LLC lifted its position in Saul Centers by 12.4% during the fourth quarter. Bowling Portfolio Management LLC now owns 15,888 shares of the real estate investment trust’s stock valued at $981,000 after purchasing an additional 1,749 shares during the last quarter. Bank of Montreal Can lifted its position in Saul Centers by 10.1% during the fourth quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Saul Centers by 9.6% during the third quarter. Public Employees Retirement System of Ohio now owns 18,634 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 1,636 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.
Several brokerages have issued reports on BFS. B. Riley began coverage on shares of Saul Centers in a research report on Thursday, April 5th. They set a “neutral” rating and a $54.00 target price for the company. Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Finally, DA Davidson set a $55.00 price objective on shares of Saul Centers and gave the stock a “hold” rating in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.50.
Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). The business had revenue of $56.68 million during the quarter, compared to the consensus estimate of $55.50 million. Saul Centers had a return on equity of 23.40% and a net margin of 21.23%. equities research analysts expect that Saul Centers Inc will post 3.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.23%. Saul Centers’s payout ratio is 65.41%.
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Saul Centers Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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