Saul Centers, Inc. (NYSE:BFS) Shares Sold by Nomura Asset Management Co. Ltd.

by · The Cerbat Gem

Nomura Asset Management Co. Ltd. cut its position in Saul Centers, Inc. (NYSE:BFS – Free Report) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 15,930 shares of the real estate investment trust’s stock after selling 400 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Saul Centers were worth $618,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its holdings in Saul Centers by 1,249.5% in the 4th quarter. Assetmark Inc. now owns 1,336 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,237 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Saul Centers by 12.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,418 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 273 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Saul Centers during the fourth quarter worth $105,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Saul Centers by 31.2% in the third 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 during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Saul Centers during the 3rd quarter worth about $202,000. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Check Out Our Latest Analysis on BFS

Saul Centers Stock Performance

Shares of NYSE BFS opened at $35.65 on Friday. The company has a market capitalization of $862.77 million, a PE ratio of 19.38 and a beta of 1.08. 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 company’s fifty day moving average price is $36.45 and its 200 day moving average price is $38.54. Saul Centers, Inc. has a 1 year low of $34.98 and a 1 year high of $42.39.

Saul Centers (NYSE:BFS – Get Free Report) last posted its earnings results on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. Saul Centers had a net margin of 20.84% and a return on equity of 17.16%. The business had revenue of $67.92 million for the quarter, compared to analyst estimates of $68.94 million. On average, research analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Tuesday, April 15th. Saul Centers’s payout ratio is currently 144.79%.

Saul Centers Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saul Centers, Inc. (NYSE:BFS – Free Report).