GSA Capital Partners LLP Raises Holdings in Saul Centers, Inc. (NYSE:BFS)

GSA Capital Partners LLP lifted its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,083 shares of the real estate investment trust’s stock after purchasing an additional 6,301 shares during the period. GSA Capital Partners LLP’s holdings in Saul Centers were worth $1,808,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new position in shares of Saul Centers during the 1st quarter worth approximately $1,293,000. Los Angeles Capital Management LLC purchased a new stake in Saul Centers in the 2nd quarter worth approximately $597,000. Susquehanna Fundamental Investments LLC grew its stake in Saul Centers by 55.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 3,255 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Saul Centers in the 2nd quarter worth approximately $228,000. Finally, Hsbc Holdings PLC purchased a new stake in Saul Centers in the 2nd quarter worth approximately $1,060,000. 49.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on BFS shares. B. Riley lifted their target price on shares of Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

Saul Centers Stock Down 1.9 %

Shares of NYSE BFS opened at $40.70 on Wednesday. Saul Centers, Inc. has a 52-week low of $34.53 and a 52-week high of $42.39. The firm has a fifty day moving average of $40.47 and a 200-day moving average of $38.64. The stock has a market capitalization of $982.50 million, a PE ratio of 22.12 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.40.

Saul Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.36 annualized dividend and a dividend yield of 5.80%. Saul Centers’s dividend payout ratio is presently 128.26%.

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.