AlphaQuest LLC Has $258,000 Holdings in Saul Centers, Inc. (NYSE:BFS)

AlphaQuest LLC reduced its stake in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 53.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,655 shares of the real estate investment trust's stock after selling 7,767 shares during the quarter. AlphaQuest LLC's holdings in Saul Centers were worth $258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position 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 worth $878,000 after acquiring an additional 15,424 shares during the last quarter. Jane Street Group LLC boosted its stake in Saul Centers by 75.7% in the third quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust's stock worth $1,437,000 after purchasing an additional 14,755 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Saul Centers during the third quarter worth $702,000. JPMorgan Chase & Co. increased its stake in shares of Saul Centers by 7.1% in the third 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 in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Saul Centers by 62.8% in the fourth quarter. New York State Common Retirement Fund now owns 8,298 shares of the real estate investment trust's stock valued at $322,000 after buying an additional 3,200 shares during the last quarter. 49.99% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Saul Centers from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Saul Centers Trading Down 0.7 %

BFS stock traded down $0.24 during trading on Wednesday, hitting $36.03. The company had a trading volume of 27,228 shares, compared to its average volume of 47,915. 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, Inc. has a 12 month low of $34.98 and a 12 month high of $42.39. The stock has a market cap of $871.96 million, a price-to-earnings ratio of 19.58 and a beta of 1.08. The firm has a 50-day moving average price of $36.69 and a 200-day moving average price of $38.90.

Saul Centers (NYSE:BFS - Get Free Report) last released its earnings results on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.31. Saul Centers had a net margin of 20.84% and a return on equity of 17.16%. The company had revenue of $67.92 million for the quarter, compared to the consensus estimate of $68.94 million. As a group, analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.55%. Saul Centers's dividend payout ratio is presently 144.79%.

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.