Y Intercept Hong Kong Ltd Sells 19,336 Shares of Saul Centers, Inc. (NYSE:BFS)

Y Intercept Hong Kong Ltd lowered its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 58.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,802 shares of the real estate investment trust’s stock after selling 19,336 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of Saul Centers worth $579,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Whittier Trust Co. purchased a new stake in Saul Centers in the second quarter worth $74,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Saul Centers by 235.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 2,262 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Saul Centers in the 2nd quarter worth approximately $597,000. Quest Partners LLC grew its stake in Saul Centers by 1,186,500.0% in the 2nd quarter. Quest Partners LLC now owns 11,866 shares of the real estate investment trust’s stock valued at $436,000 after buying an additional 11,865 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in Saul Centers by 9.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 11,383 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 1,028 shares during the period. Institutional investors own 49.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Saul Centers from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. B. Riley raised their price objective on shares of Saul Centers from $43.50 to $45.50 and gave the company a “buy” rating in a research report on Thursday, August 22nd.

Saul Centers Stock Down 0.1 %

BFS opened at $40.37 on Friday. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13. Saul Centers, Inc. has a one year low of $34.87 and a one year high of $42.39. The firm has a market capitalization of $975.78 million, a P/E ratio of 21.94 and a beta of 1.11. The company has a fifty day moving average price of $40.25 and a 200-day moving average price of $39.24.

Saul Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.36 dividend on an annualized basis and a yield of 5.85%. Saul Centers’s dividend payout ratio is currently 128.26%.

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.