Los Angeles Capital Management LLC Acquires 24,281 Shares of Saul Centers, Inc. (NYSE:BFS)

Los Angeles Capital Management LLC grew its position in Saul Centers, Inc. (NYSE:BFS - Free Report) by 149.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,512 shares of the real estate investment trust's stock after purchasing an additional 24,281 shares during the quarter. Los Angeles Capital Management LLC owned about 0.17% of Saul Centers worth $1,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. acquired a new position in Saul Centers in the 3rd quarter valued at $25,000. Whittier Trust Co. bought a new stake in shares of Saul Centers in the second quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Saul Centers in the second quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Saul Centers by 235.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 2,262 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Saul Centers in the 1st quarter worth about $224,000. Institutional investors and hedge funds own 49.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BFS. StockNews.com cut shares of Saul Centers from a "buy" rating to a "hold" rating in a report on Friday, November 8th. B. Riley increased their price target on Saul Centers from $43.50 to $45.50 and gave the stock a "buy" rating in a research report on Thursday, August 22nd.

Saul Centers Price Performance

Shares of NYSE BFS traded down $0.77 during mid-day trading on Thursday, reaching $39.46. The company had a trading volume of 40,248 shares, compared to its average volume of 53,006. Saul Centers, Inc. has a one year low of $34.87 and a one year high of $42.39. The business's 50-day simple moving average is $40.47 and its 200 day simple moving average is $38.69. 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 firm has a market cap of $953.75 million, a price-to-earnings ratio of 21.51 and a beta of 1.11.

Saul Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Tuesday, October 15th. Saul Centers's dividend payout ratio (DPR) is presently 128.26%.

Saul Centers 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.