Teachers Insurance & Annuity Association of America purchased a new position in shares of Saul Centers, Inc. (NYSE:BFS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,437 shares of the real estate investment trust’s stock, valued at approximately $685,000. Teachers Insurance & Annuity Association of America owned approximately 0.06% of Saul Centers at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in shares of Saul Centers during the 4th quarter worth approximately $277,000. Jefferies Group LLC acquired a new stake in shares of Saul Centers during the 4th quarter worth approximately $284,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Saul Centers during the 4th quarter worth approximately $300,000. MetLife Investment Advisors LLC acquired a new stake in shares of Saul Centers during the 4th quarter worth approximately $334,000. Finally, Aperio Group LLC boosted its position in shares of Saul Centers by 71.9% during the 1st quarter. Aperio Group LLC now owns 6,961 shares of the real estate investment trust’s stock worth $355,000 after acquiring an additional 2,912 shares in the last quarter. Institutional investors and hedge funds own 46.38% of the company’s stock.
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Several research firms recently 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 price target on the stock. ValuEngine lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, DA Davidson set a $55.00 price target on shares of Saul Centers and gave the stock a “hold” rating in a research report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.50.
Shares of Saul Centers opened at $47.79 on Friday, Marketbeat reports. The company has a market capitalization of $1.06 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.05 and a beta of 0.66. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 4.17. Saul Centers, Inc. has a one year low of $47.76 and a one year high of $47.98.
Saul Centers (NYSE:BFS) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.39). The company had revenue of $56.68 million during the quarter, compared to the consensus estimate of $55.50 million. Saul Centers had a net margin of 20.92% and a return on equity of 22.47%. research analysts forecast that Saul Centers, Inc. will post 3.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, April 16th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Friday, April 13th. Saul Centers’s payout ratio is 65.41%.
About Saul Centers
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 58 properties which includes (a) 55 community and neighborhood shopping centers and mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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