Millennium Management LLC Makes New $3.27 Million Investment in Saul Centers, Inc. (NYSE:BFS)

Millennium Management LLC acquired a new stake in Saul Centers, Inc. (NYSE:BFS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 88,992 shares of the real estate investment trust’s stock, valued at approximately $3,272,000. Millennium Management LLC owned about 0.37% of Saul Centers as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Hillsdale Investment Management Inc. purchased a new stake in shares of Saul Centers in the first quarter worth about $1,293,000. Los Angeles Capital Management LLC bought a new position in Saul Centers during the 2nd quarter valued at about $597,000. Quadrature Capital Ltd lifted its stake in Saul Centers by 34.7% during the 4th quarter. Quadrature Capital Ltd now owns 9,132 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 2,355 shares during the period. Hsbc Holdings PLC bought a new position in shares of Saul Centers in the 2nd quarter worth approximately $1,060,000. Finally, Whittier Trust Co. bought a new position in shares of Saul Centers in the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley increased their target price on shares of Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a report on Thursday, August 22nd.

Saul Centers Stock Down 0.2 %

NYSE:BFS opened at $40.56 on Tuesday. The company has a market cap of $972.71 million, a price-to-earnings ratio of 23.45 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.40. Saul Centers, Inc. has a twelve month low of $33.56 and a twelve month high of $42.19. The stock has a fifty day simple moving average of $40.21 and a 200-day simple moving average of $38.16.

Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.29). The company had revenue of $66.94 million during the quarter, compared to analyst estimates of $65.54 million. Saul Centers had a net margin of 20.49% and a return on equity of 16.61%. Analysts anticipate that Saul Centers, Inc. will post 3.12 EPS for the current year.

Saul Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Tuesday, October 15th. Saul Centers’s dividend payout ratio (DPR) is presently 136.42%.

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.