Sargent Investment Group LLC Raises Stake in Saul Centers, Inc. (NYSE:BFS)

Sargent Investment Group LLC raised its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 315.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,001 shares of the real estate investment trust’s stock after acquiring an additional 18,976 shares during the period. Sargent Investment Group LLC owned about 0.10% of Saul Centers worth $1,049,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Millennium Management LLC purchased a new position in shares of Saul Centers in the second quarter worth $3,272,000. Hillsdale Investment Management Inc. bought a new stake in shares of Saul Centers in the first quarter worth about $1,293,000. AQR Capital Management LLC increased its holdings in Saul Centers by 115.0% during the 2nd quarter. AQR Capital Management LLC now owns 59,675 shares of the real estate investment trust’s stock valued at $2,194,000 after purchasing an additional 31,919 shares during the period. Hsbc Holdings PLC purchased a new stake in Saul Centers in the 2nd quarter worth approximately $1,060,000. Finally, Los Angeles Capital Management LLC grew its position in shares of Saul Centers by 149.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 40,512 shares of the real estate investment trust’s stock worth $1,700,000 after buying an additional 24,281 shares during the last quarter. 49.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BFS. StockNews.com cut shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Friday, November 8th. B. Riley raised their price objective on shares of Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a report on Thursday, August 22nd.

Saul Centers Stock Down 0.4 %

NYSE:BFS traded down $0.18 during mid-day trading on Thursday, hitting $40.05. 15,176 shares of the company’s stock were exchanged, compared to its average volume of 52,893. The company has a market cap of $968.01 million, a PE ratio of 21.88 and a beta of 1.11. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13. Saul Centers, Inc. has a one year low of $34.87 and a one year high of $42.39. The business has a fifty day moving average price of $40.47 and a 200 day moving average price of $38.69.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend was Tuesday, October 15th. Saul Centers’s dividend payout ratio is presently 128.26%.

Saul Centers 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.