Saul Centers, Inc. $BFS Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 22.0% in the second quarter, Holdings Channel reports. The firm owned 11,561 shares of the real estate investment trust’s stock after buying an additional 2,088 shares during the quarter. Inspire Investing LLC’s holdings in Saul Centers were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BFS. Nuveen LLC acquired a new position in Saul Centers in the 1st quarter valued at $2,597,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Saul Centers during the 1st quarter valued at about $1,253,000. Goldman Sachs Group Inc. raised its position in Saul Centers by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust’s stock worth $4,322,000 after acquiring an additional 31,722 shares during the last quarter. Public Sector Pension Investment Board raised its position in Saul Centers by 98.1% during the first quarter. Public Sector Pension Investment Board now owns 59,890 shares of the real estate investment trust’s stock worth $2,160,000 after acquiring an additional 29,664 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Saul Centers during the 1st quarter worth about $792,000. 49.99% of the stock is owned by institutional investors and hedge funds.

Saul Centers Price Performance

Shares of NYSE BFS opened at $30.47 on Tuesday. Saul Centers, Inc. has a fifty-two week low of $30.11 and a fifty-two week high of $42.39. The firm’s 50-day simple moving average is $32.39 and its 200 day simple moving average is $33.24. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. The stock has a market cap of $742.43 million, a P/E ratio of 23.08 and a beta of 1.16.

Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. The business had revenue of $69.43 million during the quarter, compared to analyst estimates of $71.39 million. Equities analysts expect that Saul Centers, Inc. will post 3.14 EPS for the current year.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Saul Centers’s dividend payout ratio (DPR) is presently 178.79%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Saul Centers in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.