Saul Centers, Inc. (NYSE:BFS - Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 98,500 shares, a growth of 9.0% from the November 30th total of 90,400 shares. Currently, 0.8% of the company's shares are sold short. Based on an average daily trading volume, of 44,300 shares, the days-to-cover ratio is currently 2.2 days.
Analyst Ratings Changes
Separately, StockNews.com downgraded Saul Centers from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.
View Our Latest Stock Report on Saul Centers
Saul Centers Trading Up 0.4 %
BFS traded up $0.15 during trading on Wednesday, hitting $38.80. 34,106 shares of the company's stock were exchanged, compared to its average volume of 51,464. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The stock has a 50 day moving average price of $39.87 and a 200 day moving average price of $39.46. The firm has a market cap of $937.83 million, a P/E ratio of 21.09 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61.
Saul Centers Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.59 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.08%. Saul Centers's dividend payout ratio (DPR) is 128.26%.
Institutional Trading of Saul Centers
Several large investors have recently added to or reduced their stakes in BFS. JPMorgan Chase & Co. boosted its position in shares of Saul Centers by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 55,666 shares of the real estate investment trust's stock worth $2,336,000 after buying an additional 3,708 shares during the period. Barclays PLC boosted its holdings in Saul Centers by 280.0% in the 3rd quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust's stock worth $878,000 after acquiring an additional 15,424 shares during the period. Zacks Investment Management purchased a new position in Saul Centers in the 3rd quarter worth approximately $702,000. Jane Street Group LLC grew its position in Saul Centers by 75.7% in the third quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust's stock valued at $1,437,000 after acquiring an additional 14,755 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Saul Centers by 31.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 868 shares during the period. 49.99% of the stock is currently owned by institutional investors and hedge funds.
About Saul Centers
(
Get 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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