Denali Advisors LLC Buys Shares of 12,918 Saul Centers, Inc. (NYSE:BFS)

Denali Advisors LLC purchased a new position in Saul Centers, Inc. (NYSE:BFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,918 shares of the real estate investment trust's stock, valued at approximately $501,000. Denali Advisors LLC owned approximately 0.05% of Saul Centers as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Saul Centers by 31.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 868 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Saul Centers in the third quarter valued at $202,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Saul Centers in the third quarter valued at $288,000. New York State Common Retirement Fund grew its position in shares of Saul Centers by 62.8% during the fourth quarter. New York State Common Retirement Fund now owns 8,298 shares of the real estate investment trust's stock worth $322,000 after buying an additional 3,200 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Saul Centers by 3.2% in the 4th 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 last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

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Saul Centers Stock Performance

BFS traded down $0.69 during trading on Monday, hitting $36.76. 64,108 shares of the stock were exchanged, compared to its average volume of 46,735. The firm has a market capitalization of $888.53 million, a P/E ratio of 19.98 and a beta of 1.11. Saul Centers, Inc. has a 1-year low of $34.98 and a 1-year high of $42.39. The stock has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $39.20. 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 (NYSE:BFS - Get Free Report) last announced its earnings results on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $67.92 million for the quarter, compared to the consensus estimate of $68.94 million. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%. As a group, sell-side analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.42%. The ex-dividend date was Wednesday, January 15th. Saul Centers's payout ratio is 128.26%.

Analyst Ratings Changes

Separately, StockNews.com raised Saul Centers from a "hold" rating to a "buy" rating in a research report on Thursday.

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.