Chevy Chase Trust Holdings LLC Reduces Position in Saul Centers, Inc. $BFS

Chevy Chase Trust Holdings LLC lessened its holdings in Saul Centers, Inc. (NYSE:BFS) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,505 shares of the real estate investment trust’s stock after selling 435 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.12% of Saul Centers worth $973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC increased its holdings in shares of Saul Centers by 105.3% in the 2nd quarter. CWM LLC now owns 848 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 435 shares during the last quarter. Inspire Investing LLC boosted its holdings in Saul Centers by 22.0% in the second quarter. Inspire Investing LLC now owns 11,561 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 2,088 shares in the last quarter. Signaturefd LLC increased its stake in Saul Centers by 349.2% in the second quarter. Signaturefd LLC now owns 867 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 674 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Saul Centers by 12.0% during the second quarter. State of Alaska Department of Revenue now owns 13,162 shares of the real estate investment trust’s stock worth $447,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Saul Centers by 36.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust’s stock worth $4,322,000 after buying an additional 31,722 shares during the last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

Saul Centers Trading Up 1.5%

Shares of Saul Centers stock opened at $30.69 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. The firm has a market cap of $747.79 million, a price-to-earnings ratio of 23.25 and a beta of 1.16. Saul Centers, Inc. has a 52-week low of $29.76 and a 52-week high of $42.39. The company’s 50-day simple moving average is $32.12 and its 200-day simple moving average is $33.04.

Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $69.43 million during the quarter, compared to analyst estimates of $71.39 million. Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. As a group, equities research analysts anticipate that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Saul Centers’s dividend payout ratio (DPR) is 178.79%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Saul Centers in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Saul Centers

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.