Asset Management One Co. Ltd. Sells 1,109 Shares of Saul Centers, Inc. (NYSE:BFS)

Asset Management One Co. Ltd. reduced its position in shares of Saul Centers, Inc. (NYSE:BFS) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,507 shares of the real estate investment trust’s stock after selling 1,109 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Saul Centers worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC raised its holdings in Saul Centers by 5.0% during the 4th quarter. Inspire Investing LLC now owns 10,341 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 497 shares during the period. JPMorgan Chase & Co. raised its holdings in Saul Centers by 7.1% during 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 buying an additional 3,708 shares during the period. Barclays PLC raised its holdings in Saul Centers by 280.0% during the 3rd quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust’s stock valued at $878,000 after buying an additional 15,424 shares during the period. Zacks Investment Management purchased a new stake in Saul Centers during the 3rd quarter valued at $702,000. Finally, Jane Street Group LLC raised its holdings in Saul Centers by 75.7% during 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 buying an additional 14,755 shares during the period. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Stock Performance

NYSE:BFS opened at $36.06 on Friday. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $37.49 and its 200 day moving average is $39.25. Saul Centers, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $42.39. The firm has a market capitalization of $871.45 million, a PE ratio of 19.60 and a beta of 1.11.

Saul Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid 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 6.55%. Saul Centers’s payout ratio is 128.26%.

Analyst Ratings Changes

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.