Quantinno Capital Management LP Purchases 14,590 Shares of Saul Centers, Inc. $BFS

by · The Markets Daily

Quantinno Capital Management LP raised its position in Saul Centers, Inc. (NYSE:BFSFree Report) by 50.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 43,635 shares of the real estate investment trust’s stock after purchasing an additional 14,590 shares during the period. Quantinno Capital Management LP’s holdings in Saul Centers were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Saul Centers in the second quarter valued at about $27,000. CWM LLC boosted its holdings in Saul Centers by 35.8% in the 4th quarter. CWM LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 381 shares during the period. Bessemer Group Inc. grew its position in shares of Saul Centers by 82.9% during the 1st quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 640 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Saul Centers during the 4th quarter worth approximately $54,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Saul Centers by 1,011.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,912 shares during the period. Institutional investors own 49.99% of the company’s stock.

Insider Buying and Selling at Saul Centers

In other Saul Centers news, COO David Todd Pearson bought 2,600 shares of Saul Centers stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $34.74 per share, with a total value of $90,324.00. Following the acquisition, the chief operating officer owned 79,321 shares in the company, valued at $2,755,611.54. This trade represents a 3.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 51.00% of the company’s stock.

Saul Centers Trading Up 1.6%

Shares of Saul Centers stock opened at $34.96 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.64. Saul Centers, Inc. has a 12-month low of $29.16 and a 12-month high of $38.42. The company has a market capitalization of $864.24 million, a price-to-earnings ratio of 36.04 and a beta of 0.91. The firm’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $34.62.

Saul Centers (NYSE:BFSGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $78.98 million. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%.

Saul Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.59 per share. The ex-dividend date was Wednesday, July 15th. This represents a $2.36 annualized dividend and a yield of 6.8%. Saul Centers’s dividend payout ratio is presently 243.30%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Saul Centers in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Analysis on Saul Centers

Saul Centers Profile

(Free Report)

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.

See Also

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