Saul Centers, Inc. (NYSE:BFS) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 30.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,515 shares of the real estate investment trust’s stock after acquiring an additional 5,073 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Saul Centers worth $903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BFS. Millennium Management LLC acquired a new stake in shares of Saul Centers during the second quarter valued at about $3,272,000. AQR Capital Management LLC boosted its holdings in Saul Centers by 115.0% in the second quarter. AQR Capital Management LLC now owns 59,675 shares of the real estate investment trust’s stock valued at $2,194,000 after purchasing an additional 31,919 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Saul Centers during the 2nd quarter valued at approximately $1,060,000. Los Angeles Capital Management LLC increased its holdings in Saul Centers by 149.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 40,512 shares of the real estate investment trust’s stock worth $1,700,000 after purchasing an additional 24,281 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Saul Centers by 10.2% in the 2nd quarter. Renaissance Technologies LLC now owns 228,474 shares of the real estate investment trust’s stock valued at $8,401,000 after purchasing an additional 21,100 shares in the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BFS shares. B. Riley raised their price target on shares of Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Wednesday.

Saul Centers Stock Down 0.8 %

Shares of Saul Centers stock opened at $38.23 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The business has a 50-day moving average price of $40.16 and a 200 day moving average price of $39.31. Saul Centers, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $42.39. The firm has a market cap of $924.06 million, a P/E ratio of 20.78 and a beta of 1.11.

Saul Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers’s dividend payout ratio is currently 128.26%.

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.