JPMorgan Chase & Co. raised its stake in Saul Centers Inc. (NYSE:BFS) by 11.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 93,848 shares of the company’s stock after buying an additional 9,267 shares during the period. JPMorgan Chase & Co. owned 0.44% of Saul Centers worth $5,790,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of BFS. Mizuho Trust & Banking Co. Ltd. boosted its stake in Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Saul Centers by 67.2% in the second quarter. Advisors Asset Management Inc. now owns 2,534 shares of the company’s stock valued at $156,000 after buying an additional 1,018 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Saul Centers by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,748 shares of the company’s stock valued at $231,000 after buying an additional 2,058 shares during the last quarter. KBC Group NV boosted its stake in Saul Centers by 104.7% in the second quarter. KBC Group NV now owns 4,137 shares of the company’s stock valued at $255,000 after buying an additional 2,116 shares during the last quarter. Finally, Capstone Asset Management Co. purchased a new stake in Saul Centers during the second quarter valued at $262,000. 45.14% of the stock is currently owned by institutional investors.
Saul Centers Inc. (NYSE:BFS) traded up 0.77% during mid-day trading on Wednesday, reaching $62.63. The company’s stock had a trading volume of 1,635 shares. The firm’s 50 day moving average is $65.55 and its 200-day moving average is $60.64. The stock has a market cap of $1.34 billion, a P/E ratio of 40.41 and a beta of 0.65. Saul Centers Inc. has a one year low of $46.46 and a one year high of $68.75.
Saul Centers (NYSE:BFS) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $52.20 million. Equities analysts expect that Saul Centers Inc. will post $3.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.00%. Saul Centers’s dividend payout ratio is presently 121.29%.
Several analysts have weighed in on the company. Zacks Investment Research cut Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. TheStreet cut Saul Centers from a “buy” rating to a “hold” rating in a research report on Monday, September 12th.
In other news, VP Steven N. Corey sold 4,818 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $66.43, for a total transaction of $320,059.74. Following the transaction, the vice president now directly owns 2,136 shares in the company, valued at $141,894.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Steven N. Corey sold 2,438 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $66.75, for a total transaction of $162,736.50. Following the transaction, the vice president now owns 2,438 shares in the company, valued at $162,736.50. The disclosure for this sale can be found here. Insiders own 50.80% of the company’s stock.
About Saul Centers
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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