Saul Centers, Inc. (NYSE:BFS) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 493,121 shares of the real estate investment trust’s stock after selling 11,207 shares during the period. State Street Corp’s holdings in Saul Centers were worth $20,691,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in Saul Centers during the second quarter worth approximately $597,000. Sargent Investment Group LLC raised its stake in shares of Saul Centers by 315.0% in the 3rd quarter. Sargent Investment Group LLC now owns 25,001 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 18,976 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Saul Centers in the second quarter valued at $228,000. Susquehanna Fundamental Investments LLC boosted its stake in Saul Centers by 55.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 3,255 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Saul Centers during the second quarter valued at about $1,060,000. 49.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Saul Centers Trading Down 0.3 %

Shares of NYSE:BFS opened at $38.56 on Tuesday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $932.03 million, a price-to-earnings ratio of 20.96 and a beta of 1.11. Saul Centers, Inc. has a 1-year low of $34.87 and a 1-year high of $42.39. The company has a 50 day moving average price of $40.08 and a 200 day moving average price of $39.37.

Saul Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Wednesday, January 15th. Saul Centers’s payout ratio is 128.26%.

Saul Centers Company 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.