Saul Centers, Inc. (NYSE:BFS) Shares Purchased by Sargent Investment Group LLC

Sargent Investment Group LLC boosted its holdings in Saul Centers, Inc. (NYSE:BFS - Free Report) by 315.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,001 shares of the real estate investment trust's stock after purchasing an additional 18,976 shares during the period. Sargent Investment Group LLC owned about 0.10% of Saul Centers worth $1,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BFS. DiNuzzo Private Wealth Inc. purchased a new position in Saul Centers in the third quarter valued at about $25,000. Whittier Trust Co. acquired a new stake in Saul Centers during the second quarter valued at approximately $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Saul Centers during the second quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $119,000 after buying an additional 2,262 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Saul Centers during the first quarter valued at approximately $224,000. Hedge funds and other institutional investors own 49.99% of the company's stock.

Saul Centers Stock Performance

Shares of Saul Centers stock traded down $0.77 on Thursday, reaching $39.46. 40,248 shares of the company were exchanged, compared to its average volume of 53,006. 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 company's 50-day moving average is $40.47 and its two-hundred day moving average is $38.69. 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, Inc. has a 1-year low of $34.87 and a 1-year high of $42.39.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given 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 was Tuesday, October 15th. Saul Centers's payout ratio is 128.26%.

Analyst Ratings Changes

Several brokerages have issued reports on BFS. B. Riley upped their price objective on Saul Centers from $43.50 to $45.50 and gave the company a "buy" rating in a research note on Thursday, August 22nd. StockNews.com cut Saul Centers from a "buy" rating to a "hold" rating in a research note on Friday, November 8th.

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.