Sumitomo Mitsui Trust Group Inc. Sells 1,132 Shares of Saul Centers, Inc. (NYSE:BFS)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,609 shares of the real estate investment trust’s stock after selling 1,132 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.05% of Saul Centers worth $489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFS. Inspire Investing LLC lifted its stake in shares of Saul Centers by 5.0% in the 4th quarter. Inspire Investing LLC now owns 10,341 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 497 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Saul Centers by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 55,666 shares of the real estate investment trust’s stock valued at $2,336,000 after acquiring an additional 3,708 shares during the last quarter. Barclays PLC lifted its stake in shares of Saul Centers by 280.0% in the 3rd quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust’s stock valued at $878,000 after acquiring an additional 15,424 shares during the last quarter. Zacks Investment Management bought a new position in shares of Saul Centers in the 3rd quarter valued at $702,000. Finally, Jane Street Group LLC lifted its stake in shares of Saul Centers by 75.7% in the 3rd quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 14,755 shares during the last quarter. 49.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Saul Centers Stock Performance

NYSE BFS opened at $36.36 on Friday. The company has a market capitalization of $878.80 million, a price-to-earnings ratio of 19.76 and a beta of 1.11. Saul Centers, Inc. has a twelve month low of $34.87 and a twelve month high of $42.39. The stock has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $39.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61.

Saul Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.49%. Saul Centers’s payout ratio is 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.