Proficio Capital Partners LLC Makes New Investment in Saul Centers, Inc. (NYSE:BFS)

Proficio Capital Partners LLC acquired a new stake in shares of Saul Centers, Inc. (NYSE:BFS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,252 shares of the real estate investment trust's stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Denali Advisors LLC purchased a new position in shares of Saul Centers in the 4th quarter worth $501,000. Ieq Capital LLC grew 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 worth $347,000 after buying an additional 280 shares during the last quarter. New York State Common Retirement Fund grew its position in Saul Centers by 62.8% during the 4th quarter. New York State Common Retirement Fund now owns 8,298 shares of the real estate investment trust's stock worth $322,000 after purchasing an additional 3,200 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in Saul Centers during the 4th quarter worth approximately $1,164,000. Finally, Rhumbline Advisers boosted its holdings in shares of Saul Centers by 1.7% in the 4th quarter. Rhumbline Advisers now owns 34,243 shares of the real estate investment trust's stock valued at $1,329,000 after acquiring an additional 575 shares during the last quarter. 49.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Saul Centers Stock Performance

Shares of BFS traded up $0.39 during trading hours on Friday, hitting $36.13. The stock had a trading volume of 27,720 shares, compared to its average volume of 48,847. 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 50-day moving average price of $36.79 and a 200 day moving average price of $39.02. The firm has a market capitalization of $874.38 million, a price-to-earnings ratio of 19.64 and a beta of 1.08. Saul Centers, Inc. has a fifty-two week low of $34.98 and a fifty-two week high of $42.39.

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, topping 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 business had revenue of $67.92 million during the quarter, compared to analyst estimates of $68.94 million. As a group, research analysts anticipate that Saul Centers, Inc. will post 3.14 EPS for the current year.

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.53%. The ex-dividend date is Tuesday, April 15th. Saul Centers's dividend payout ratio (DPR) 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.