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

Y Intercept Hong Kong Ltd lessened its position in Saul Centers, Inc. (NYSE:BFS) by 58.3% during the third quarter, Holdings Channel reports. 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’s holdings in Saul Centers were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BFS. Los Angeles Capital Management LLC bought a new stake in Saul Centers in the 2nd quarter worth approximately $597,000. Sargent Investment Group LLC raised its stake in shares of Saul Centers by 315.0% during the third quarter. Sargent Investment Group LLC now owns 25,001 shares of the real estate investment trust’s stock worth $1,049,000 after acquiring an additional 18,976 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Saul Centers in the 2nd quarter valued at $228,000. Susquehanna Fundamental Investments LLC grew its holdings in shares of Saul Centers by 55.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 3,255 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Saul Centers during the 2nd quarter valued at $1,060,000. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Trading Down 0.1 %

NYSE:BFS opened at $40.37 on Friday. 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 quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The company has a fifty day moving average of $40.25 and a 200 day moving average of $39.24. Saul Centers, Inc. has a 52 week low of $34.87 and a 52 week high of $42.39.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers’s dividend payout ratio (DPR) is 128.26%.

Analyst Ratings Changes

BFS has been the subject of several analyst reports. B. Riley raised their price objective on Saul Centers from $43.50 to $45.50 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded Saul Centers from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th.

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.