XML Financial LLC Cuts Stock Position in Saul Centers, Inc. (NYSE:BFS)

XML Financial LLC lessened its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,429 shares of the real estate investment trust’s stock after selling 1,597 shares during the quarter. XML Financial LLC owned about 0.12% of Saul Centers worth $1,094,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BFS. Asset Management One Co. Ltd. increased its position in shares of Saul Centers by 6.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 19,984 shares of the real estate investment trust’s stock valued at $805,000 after purchasing an additional 1,180 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Saul Centers during the 4th quarter worth $255,000. Russell Investments Group Ltd. raised its holdings in shares of Saul Centers by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 10,384 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 392 shares during the last quarter. LSV Asset Management boosted its stake in shares of Saul Centers by 1,932.1% during the fourth quarter. LSV Asset Management now owns 56,900 shares of the real estate investment trust’s stock worth $2,234,000 after buying an additional 54,100 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Saul Centers by 14.7% in the 4th quarter. Teacher Retirement System of Texas now owns 10,427 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 1,333 shares during the last quarter. 49.99% of the stock is owned by hedge funds and other institutional investors.

Saul Centers Trading Down 0.1 %

Shares of BFS stock traded down $0.04 during mid-day trading on Thursday, hitting $39.51. 62,355 shares of the company’s stock were exchanged, compared to its average volume of 54,646. The stock has a 50-day simple moving average of $37.20 and a two-hundred day simple moving average of $37.29. Saul Centers, Inc. has a fifty-two week low of $33.56 and a fifty-two week high of $41.04. The stock has a market cap of $947.45 million, a price-to-earnings ratio of 22.86 and a beta of 1.11. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.28.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, July 15th. This represents a $2.36 annualized dividend and a yield of 5.97%. Saul Centers’s dividend payout ratio is presently 136.42%.

Analyst Upgrades and Downgrades

BFS has been the topic of several recent analyst reports. StockNews.com upgraded Saul Centers from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. B. Riley began coverage on Saul Centers in a report on Thursday, April 11th. They issued a “buy” rating and a $43.50 target price on the stock.

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.