Nisa Investment Advisors LLC Reduces Stake in Saul Centers, Inc. (NYSE:BFS)

Nisa Investment Advisors LLC lessened its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,831 shares of the real estate investment trust’s stock after selling 725 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Saul Centers were worth $226,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BFS. DiNuzzo Private Wealth Inc. purchased a new stake in Saul Centers during the third quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Saul Centers during the 2nd quarter valued at about $102,000. The Manufacturers Life Insurance Company purchased a new position in Saul Centers in the 3rd quarter valued at about $202,000. Cubist Systematic Strategies LLC acquired a new position in shares of Saul Centers in the 2nd quarter valued at approximately $228,000. Finally, Marshall Wace LLP bought a new position in Saul Centers during the 2nd quarter valued at $257,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

Saul Centers Stock Down 1.2 %

BFS opened at $36.46 on Thursday. The business has a 50-day moving average of $38.72 and a 200-day moving average of $39.51. Saul Centers, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $42.39. The company has a market capitalization of $881.33 million, a PE ratio of 19.82 and a beta of 1.12. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13.

Saul Centers (NYSE:BFS) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.32). The company had revenue of $67.29 million for the quarter, compared to analyst estimates of $65.98 million. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%. Equities research analysts forecast that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Dividend Announcement

The firm 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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.47%. The ex-dividend date is Wednesday, January 15th. Saul Centers’s payout ratio is 128.26%.

Wall Street Analyst Weigh In

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

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.