Saul Centers, Inc. (NYSE:BFS) Short Interest Update

Saul Centers, Inc. (NYSE:BFS) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 86,600 shares, a decrease of 8.4% from the October 15th total of 94,500 shares. Based on an average daily trading volume, of 49,700 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

BFS has been the subject of several research analyst reports. B. Riley upped their target price on Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

Saul Centers Trading Down 0.5 %

BFS stock traded down $0.20 during trading on Tuesday, reaching $39.18. 1,963 shares of the stock were exchanged, compared to its average volume of 52,649. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The business has a 50 day moving average price of $40.42 and a 200-day moving average price of $38.75. The firm has a market capitalization of $946.98 million, a price-to-earnings ratio of 21.40 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.02%. Saul Centers’s payout ratio is presently 128.26%.

Institutional Trading of Saul Centers

Several hedge funds have recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in Saul Centers by 3.3% in the second quarter. Inspire Investing LLC now owns 9,668 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 310 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Saul Centers by 2.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,891 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 356 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Saul Centers in the 3rd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Saul Centers by 31.2% during 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 acquiring an additional 868 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Saul Centers by 9.9% during the second quarter. Texas Permanent School Fund Corp now owns 11,383 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 1,028 shares during the period. Institutional investors and hedge funds own 49.99% of the company’s stock.

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.