Denali Advisors LLC Acquires Shares of 12,918 Saul Centers, Inc. (NYSE:BFS)

Denali Advisors LLC bought a new position in Saul Centers, Inc. (NYSE:BFS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,918 shares of the real estate investment trust’s stock, valued at approximately $501,000. Denali Advisors LLC owned 0.05% of Saul Centers as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC raised its position in Saul Centers by 3.2% in the fourth quarter. Ieq Capital LLC now owns 8,934 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 280 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Saul Centers by 5.0% during the 4th quarter. Inspire Investing LLC now owns 10,341 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 497 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Saul Centers by 1.7% during the 4th quarter. Rhumbline Advisers now owns 34,243 shares of the real estate investment trust’s stock worth $1,329,000 after purchasing an additional 575 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Saul Centers by 31.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 868 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Saul Centers by 9.0% in the third quarter. Asset Management One Co. Ltd. now owns 19,616 shares of the real estate investment trust’s stock valued at $823,000 after purchasing an additional 1,627 shares during the period. Hedge funds and other institutional investors own 49.99% of the company’s stock.

Saul Centers Stock Performance

Shares of BFS stock opened at $36.88 on Friday. The stock has a fifty day moving average price of $37.22 and a 200 day moving average price of $39.21. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $891.43 million, a PE ratio of 20.04 and a beta of 1.11. Saul Centers, Inc. has a 1 year low of $34.98 and a 1 year high of $42.39.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Wednesday, January 15th. Saul Centers’s dividend payout ratio (DPR) is presently 128.26%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Saul Centers from a “hold” rating to a “buy” rating in a research report on Thursday.

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.