Saul Centers, Inc. $BFS Stock Holdings Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Saul Centers, Inc. (NYSE:BFS) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,162 shares of the real estate investment trust’s stock after purchasing an additional 1,410 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Saul Centers worth $447,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Denali Advisors LLC boosted its stake in shares of Saul Centers by 3.9% during the 1st quarter. Denali Advisors LLC now owns 13,423 shares of the real estate investment trust’s stock worth $484,000 after acquiring an additional 505 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Saul Centers by 15.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 5,374 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 707 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Saul Centers by 2.4% during the first quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 929 shares in the last quarter. Sargent Investment Group LLC raised its holdings in shares of Saul Centers by 4.0% during the first quarter. Sargent Investment Group LLC now owns 26,001 shares of the real estate investment trust’s stock worth $938,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Saul Centers by 0.9% during the first quarter. Invesco Ltd. now owns 115,686 shares of the real estate investment trust’s stock worth $4,173,000 after acquiring an additional 1,016 shares in the last quarter. 49.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Saul Centers in a report on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Saul Centers Trading Down 0.6%

Shares of NYSE:BFS opened at $30.59 on Friday. The company has a market cap of $745.48 million, a P/E ratio of 23.17 and a beta of 1.16. The stock’s 50-day moving average is $32.46 and its 200-day moving average is $33.36. Saul Centers, Inc. has a 52-week low of $30.55 and a 52-week high of $42.39. The company has a debt-to-equity ratio of 5.16, a quick ratio of 1.28 and a current ratio of 1.28.

Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $69.43 million during the quarter, compared to analyst estimates of $71.39 million. Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. Equities research analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Saul Centers’s dividend payout ratio (DPR) is currently 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.