Renaissance Technologies LLC Has $10.85 Million Stock Position in Saul Centers, Inc. (NYSE:BFS)

Renaissance Technologies LLC increased its holdings in Saul Centers, Inc. (NYSE:BFS) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,674 shares of the real estate investment trust’s stock after acquiring an additional 16,800 shares during the period. Renaissance Technologies LLC owned about 1.16% of Saul Centers worth $10,851,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BFS. Invesco Ltd. raised its stake in shares of Saul Centers by 0.5% in the fourth quarter. Invesco Ltd. now owns 114,670 shares of the real estate investment trust’s stock worth $4,449,000 after purchasing an additional 598 shares during the last quarter. Wells Fargo & Company MN raised its position in Saul Centers by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 52,749 shares of the real estate investment trust’s stock valued at $2,047,000 after buying an additional 1,024 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Saul Centers in the 4th quarter valued at $179,000. Integrated Quantitative Investments LLC bought a new position in Saul Centers during the 4th quarter valued at $601,000. Finally, ExodusPoint Capital Management LP boosted its holdings in Saul Centers by 23.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 7,837 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 1,514 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Saul Centers Price Performance

Shares of NYSE BFS opened at $32.75 on Thursday. The company has a market capitalization of $792.58 million, a PE ratio of 17.80 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The stock’s 50 day moving average price is $35.61 and its 200-day moving average price is $37.97. Saul Centers, Inc. has a twelve month low of $31.59 and a twelve month high of $42.39.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.31. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%. The business had revenue of $67.92 million for the quarter, compared to analysts’ expectations of $68.94 million. On average, equities analysts anticipate that Saul Centers, Inc. will post 3.14 EPS for the current year.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 15th. This represents a $2.36 dividend on an annualized basis and a yield of 7.21%. Saul Centers’s dividend payout ratio (DPR) is presently 144.79%.

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.