Inspire Investing LLC Purchases 310 Shares of Saul Centers, Inc. (NYSE:BFS)

Inspire Investing LLC grew its position in Saul Centers, Inc. (NYSE:BFS) by 3.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,668 shares of the real estate investment trust’s stock after acquiring an additional 310 shares during the period. Inspire Investing LLC’s holdings in Saul Centers were worth $355,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Saul Centers by 10.2% in the 2nd quarter. Renaissance Technologies LLC now owns 228,474 shares of the real estate investment trust’s stock valued at $8,401,000 after acquiring an additional 21,100 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Saul Centers by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 209,840 shares of the real estate investment trust’s stock valued at $7,715,000 after purchasing an additional 5,330 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Saul Centers by 4.6% in the first 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 during the period. Hillsdale Investment Management Inc. acquired a new stake in Saul Centers in the first quarter valued at $1,293,000. Finally, Hsbc Holdings PLC acquired a new stake in Saul Centers in the second quarter valued at $1,060,000. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Stock Performance

NYSE BFS opened at $40.09 on Friday. The company has a market capitalization of $961.44 million, a price-to-earnings ratio of 23.17 and a beta of 1.10. Saul Centers, Inc. has a twelve month low of $33.56 and a twelve month high of $41.63. The stock has a fifty day simple moving average of $39.55 and a 200 day simple moving average of $37.81. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.40.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.48 earnings per share 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%. Sell-side analysts expect 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. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend 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 currently 136.42%.

Analyst Ratings Changes

Separately, B. Riley increased their price objective 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 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.