Charles Schwab Investment Management Inc. Has $3.69 Million Stake in Saul Centers, Inc. $BFS

Charles Schwab Investment Management Inc. lowered its holdings in Saul Centers, Inc. (NYSE:BFS) by 6.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,419 shares of the real estate investment trust’s stock after selling 6,581 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.42% of Saul Centers worth $3,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $208,000. First Trust Advisors LP bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $215,000. Gallacher Capital Management LLC bought a new stake in shares of Saul Centers in the 1st quarter worth approximately $201,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saul Centers in the 1st quarter worth approximately $206,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Saul Centers by 6.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 7,113 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 49.99% of the company’s stock.

Saul Centers Price Performance

Saul Centers stock opened at $34.14 on Friday. 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 company has a market capitalization of $832.09 million, a PE ratio of 25.87 and a beta of 1.11. Saul Centers, Inc. has a one year low of $31.25 and a one year high of $42.39. The business has a 50 day simple moving average of $33.54 and a 200 day simple moving average of $34.23.

Saul Centers (NYSE:BFS) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Saul Centers had a return on equity of 13.79% and a net margin of 15.51%.The company had revenue of $69.43 million for the quarter, compared to the consensus estimate of $71.39 million. On average, sell-side analysts forecast that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.9%. Saul Centers’s payout ratio is 178.79%.

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 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.