Tudor Investment Corp ET AL Decreases Stock Position in Saul Centers, Inc. $BFS

Tudor Investment Corp ET AL cut its position in Saul Centers, Inc. (NYSE:BFS) by 66.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,966 shares of the real estate investment trust’s stock after selling 20,176 shares during the period. Tudor Investment Corp ET AL’s holdings in Saul Centers were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Saul Centers in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in shares of Saul Centers by 48.8% during the third quarter. Hantz Financial Services Inc. now owns 1,092 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 358 shares in the last quarter. Strs Ohio acquired a new stake in shares of Saul Centers in the first quarter valued at about $76,000. Quadrant Capital Group LLC acquired a new stake in shares of Saul Centers in the third quarter valued at about $82,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Saul Centers in the first quarter worth about $118,000. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Price Performance

NYSE:BFS opened at $32.85 on Thursday. Saul Centers, Inc. has a one year low of $29.16 and a one year high of $36.42. The company has a debt-to-equity ratio of 5.48, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $804.64 million, a PE ratio of 30.14 and a beta of 0.99. The stock has a 50 day moving average price of $33.44 and a 200 day moving average price of $31.91.

Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The company had revenue of $71.65 million for the quarter, compared to analysts’ expectations of $73.15 million. Saul Centers had a return on equity of 12.48% and a net margin of 12.94%. Equities research analysts expect that Saul Centers, Inc. will post 3.14 EPS for the current fiscal year.

Saul Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, April 15th. Saul Centers’s payout ratio is 216.51%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Saul Centers in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average 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.