Saul Centers, Inc. $BFS Stock Position Trimmed by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its position in Saul Centers, Inc. (NYSE:BFS) by 24.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 48,131 shares of the real estate investment trust’s stock after selling 15,231 shares during the period. Public Sector Pension Investment Board’s holdings in Saul Centers were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BFS. Royal Bank of Canada grew its holdings in Saul Centers by 2.4% in the 1st quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 929 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Saul Centers during the first quarter valued at $118,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Saul Centers during the first quarter valued at $392,000. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $4,322,000 after purchasing an additional 31,722 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Saul Centers by 152.5% in the first quarter. Jane Street Group LLC now owns 22,477 shares of the real estate investment trust’s stock worth $811,000 after purchasing an additional 13,576 shares during the period. Institutional investors own 49.99% of the company’s stock.

Saul Centers Stock Up 0.0%

Shares of BFS stock opened at $34.94 on Tuesday. Saul Centers, Inc. has a 1 year low of $29.16 and a 1 year high of $37.88. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.51 and a current ratio of 1.51. The business’s fifty day moving average is $32.53 and its 200-day moving average is $31.84. The stock has a market cap of $852.89 million, a PE ratio of 30.12 and a beta of 1.03.

Saul Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, January 15th. Saul Centers’s payout ratio is presently 203.45%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Saul Centers in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Saul Centers Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.