Atlantic Union Bankshares Corp Acquires New Stake in Saul Centers, Inc. $BFS

Atlantic Union Bankshares Corp bought a new position in Saul Centers, Inc. (NYSE:BFS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,018 shares of the real estate investment trust’s stock, valued at approximately $69,000.

A number of other large investors have also made changes to their positions in the company. CWM LLC increased its position in shares of Saul Centers by 105.3% during the 2nd quarter. CWM LLC now owns 848 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 435 shares during the last quarter. Denali Advisors LLC increased its holdings in Saul Centers by 3.9% during the first quarter. Denali Advisors LLC now owns 13,423 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 505 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Saul Centers by 853.2% during the second quarter. Hantz Financial Services Inc. now owns 734 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 657 shares during the last quarter. Signaturefd LLC raised its position in Saul Centers by 349.2% in the second quarter. Signaturefd LLC now owns 867 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 674 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of Saul Centers by 15.1% during the 1st 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 during the last quarter. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Stock Down 2.6%

BFS opened at $29.81 on Tuesday. The stock has a market cap of $726.26 million, a price-to-earnings ratio of 22.58 and a beta of 1.16. The company has a debt-to-equity ratio of 5.16, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s fifty day moving average is $31.22 and its 200 day moving average is $32.77. Saul Centers, Inc. has a fifty-two week low of $29.16 and a fifty-two week high of $42.39.

Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Saul Centers had a return on equity of 13.79% and a net margin of 15.51%.The business had revenue of $72.00 million for the quarter, compared to analysts’ expectations of $70.74 million. On average, sell-side analysts forecast that Saul Centers, Inc. will post 3.14 earnings per share for the current fiscal year.

Saul Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Wednesday, October 15th. Saul Centers’s dividend payout ratio (DPR) is 203.45%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Saul Centers in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Saul Centers 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.