Barclays PLC raised its holdings in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) by 280.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,932 shares of the real estate investment trust's stock after acquiring an additional 15,424 shares during the quarter. Barclays PLC owned approximately 0.09% of Saul Centers worth $878,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Saul Centers during the 3rd quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Saul Centers in the second quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Saul Centers by 235.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 2,262 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Saul Centers in the 3rd quarter valued at $202,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Saul Centers in the second quarter worth $228,000. 49.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Saul Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.
Read Our Latest Report on BFS
Saul Centers Stock Performance
Shares of Saul Centers stock traded up $0.15 on Wednesday, reaching $38.80. The stock had a trading volume of 34,106 shares, compared to its average volume of 51,464. Saul Centers, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $42.39. The business's 50-day moving average price is $39.87 and its two-hundred day moving average price is $39.46. 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 has a market cap of $937.83 million, a P/E ratio of 21.09 and a beta of 1.11.
Saul Centers Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers's dividend payout ratio is currently 128.26%.
Saul Centers Company Profile
(
Free Report)
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.
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