Texas Permanent School Fund Corp Has $419,000 Holdings in Saul Centers, Inc. (NYSE:BFS)

Texas Permanent School Fund Corp boosted its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 9.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,383 shares of the real estate investment trust’s stock after purchasing an additional 1,028 shares during the period. Texas Permanent School Fund Corp’s holdings in Saul Centers were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC increased its holdings in Saul Centers by 1,186,500.0% during the 2nd quarter. Quest Partners LLC now owns 11,866 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 11,865 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Saul Centers during the 2nd quarter valued at $597,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Saul Centers by 235.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 2,262 shares in the last quarter. Whittier Trust Co. acquired a new stake in Saul Centers during the 2nd quarter valued at $74,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Saul Centers by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,813 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 1,477 shares in the last quarter. 49.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Saul Centers Stock Down 1.4 %

Shares of BFS opened at $40.09 on Friday. The firm has a market capitalization of $961.44 million, a price-to-earnings ratio of 23.17 and a beta of 1.10. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.83 and a current ratio of 0.83. The business’s fifty day moving average price is $39.55 and its two-hundred day moving average price is $37.81. Saul Centers, Inc. has a 52 week low of $33.56 and a 52 week high of $41.63.

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

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $2.36 dividend on an annualized basis and a yield of 5.89%. Saul Centers’s payout ratio is 136.42%.

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.