The Manufacturers Life Insurance Company Makes New $202,000 Investment in Saul Centers, Inc. (NYSE:BFS)

The Manufacturers Life Insurance Company purchased a new stake in Saul Centers, Inc. (NYSE:BFS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,821 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new position in Saul Centers in the 3rd quarter worth about $25,000. Whittier Trust Co. bought a new position in shares of Saul Centers in the second quarter valued at approximately $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Saul Centers in the second quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Saul Centers by 235.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 2,262 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Saul Centers during the 2nd quarter worth approximately $228,000. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BFS. StockNews.com upgraded shares of Saul Centers from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. B. Riley boosted their target price on Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research report on Thursday, August 22nd.

Saul Centers Trading Down 0.5 %

Shares of BFS opened at $40.15 on Tuesday. Saul Centers, Inc. has a 1-year low of $34.87 and a 1-year high of $42.39. The company has a market capitalization of $970.47 million, a P/E ratio of 21.87 and a beta of 1.11. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $40.25 and its 200 day simple moving average is $39.26.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers’s dividend payout ratio (DPR) is currently 128.26%.

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.