Bank of New York Mellon Corp Has $4.67 Million Stake in Saul Centers, Inc. (NYSE:BFS)

Bank of New York Mellon Corp trimmed its position in Saul Centers, Inc. (NYSE:BFS) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,241 shares of the real estate investment trust’s stock after selling 1,981 shares during the period. Bank of New York Mellon Corp owned approximately 0.50% of Saul Centers worth $4,665,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Ieq Capital LLC grew its holdings in Saul Centers by 3.2% during the fourth quarter. Ieq Capital LLC now owns 8,934 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 280 shares during the period. Inspire Investing LLC boosted its stake in Saul Centers by 5.0% during the fourth 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. Rhumbline Advisers grew its holdings in shares of Saul Centers by 1.7% during the fourth quarter. Rhumbline Advisers now owns 34,243 shares of the real estate investment trust’s stock worth $1,329,000 after purchasing an additional 575 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Saul Centers by 31.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 868 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in Saul Centers by 10.9% in the 3rd quarter. Martingale Asset Management L P now owns 16,941 shares of the real estate investment trust’s stock worth $711,000 after buying an additional 1,664 shares in the last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Saul Centers from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Saul Centers Price Performance

BFS opened at $36.12 on Tuesday. 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 50 day moving average price is $36.71 and its 200-day moving average price is $38.93. The stock has a market capitalization of $874.14 million, a PE ratio of 19.63 and a beta of 1.08. Saul Centers, Inc. has a 52-week low of $34.98 and a 52-week high of $42.39.

Saul Centers (NYSE:BFS) last released its earnings results on Friday, February 28th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%. The company had revenue of $67.92 million during the quarter, compared to analysts’ expectations of $68.94 million. On average, equities research analysts predict that Saul Centers, Inc. will post 3.14 EPS for the current year.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Tuesday, April 15th. Saul Centers’s dividend payout ratio is presently 144.79%.

Saul Centers Company 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.