Y Intercept Hong Kong Ltd Decreases Holdings in Saul Centers, Inc. (NYSE:BFS)

Y Intercept Hong Kong Ltd trimmed its position in Saul Centers, Inc. (NYSE:BFS - Free Report) by 58.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,802 shares of the real estate investment trust's stock after selling 19,336 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of Saul Centers worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of Saul Centers in the second quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust's stock worth $119,000 after buying an additional 2,262 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Saul Centers during the second quarter valued at about $597,000. Quest Partners LLC lifted its position in shares of Saul Centers by 1,186,500.0% in the second quarter. Quest Partners LLC now owns 11,866 shares of the real estate investment trust's stock valued at $436,000 after acquiring an additional 11,865 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Saul Centers by 9.9% in the second quarter. Texas Permanent School Fund Corp now owns 11,383 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 1,028 shares during the period. 49.99% of the stock is owned by hedge funds and other institutional investors.

Saul Centers Price Performance

Shares of BFS stock traded down $0.05 during trading hours on Friday, hitting $40.37. The stock had a trading volume of 44,055 shares, compared to its average volume of 51,605. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $975.78 million, a price-to-earnings ratio of 21.94 and a beta of 1.11. Saul Centers, Inc. has a one year low of $34.87 and a one year high of $42.39. The stock's 50-day moving average price is $40.25 and its two-hundred day moving average price is $39.26.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Wednesday, January 15th. Saul Centers's payout ratio is 128.26%.

Analysts Set New Price Targets

A number of research analysts recently commented on BFS shares. B. Riley boosted their price target on Saul Centers from $43.50 to $45.50 and gave the stock a "buy" rating in a report on Thursday, August 22nd. StockNews.com raised shares of Saul Centers from a "hold" rating to a "buy" rating in a report on Thursday, December 5th.

Saul Centers Company 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.