Hsbc Holdings PLC Purchases New Position in Saul Centers, Inc. (NYSE:BFS)

Hsbc Holdings PLC acquired a new position in shares of Saul Centers, Inc. (NYSE:BFS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,320 shares of the real estate investment trust’s stock, valued at approximately $1,060,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in shares of Saul Centers in the 2nd quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Saul Centers by 235.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,262 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Saul Centers during the first quarter worth $224,000. SageView Advisory Group LLC bought a new position in Saul Centers during the first quarter valued at $297,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Saul Centers by 8.0% in the fourth quarter. Centersquare Investment Management LLC now owns 8,100 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 600 shares during the period. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price target 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.

Saul Centers Trading Up 0.2 %

BFS opened at $41.01 on Friday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average price is $39.78 and its 200-day moving average price is $37.91. Saul Centers, Inc. has a one year low of $33.56 and a one year high of $41.63. The stock has a market cap of $983.50 million, a price-to-earnings ratio of 23.71 and a beta of 1.10.

Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.29). Saul Centers had a net margin of 20.49% and a return on equity of 16.61%. The business had revenue of $66.94 million during the quarter, compared to the consensus estimate of $65.54 million. On average, equities analysts forecast that Saul Centers, Inc. will post 3.12 EPS for the current year.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.75%. The ex-dividend date is Tuesday, October 15th. Saul Centers’s dividend payout ratio is presently 136.42%.

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.