Tudor Investment Corp Et Al Raises Stock Position in Saul Centers, Inc. (NYSE:BFS)

Posted by Defense World Staff on Mar 8th, 2023

Tudor Investment Corp Et Al raised its stake in Saul Centers, Inc. (NYSE:BFS – Get Rating) by 96.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,026 shares of the real estate investment trust’s stock after buying an additional 4,926 shares during the period. Tudor Investment Corp Et Al’s holdings in Saul Centers were worth $376,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its stake in shares of Saul Centers by 8.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 53,956 shares of the real estate investment trust’s stock worth $2,023,000 after purchasing an additional 4,302 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Saul Centers by 968.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,568 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 3,234 shares in the last quarter. Cambria Investment Management L.P. increased its stake in shares of Saul Centers by 53.8% during the 3rd quarter. Cambria Investment Management L.P. now owns 8,000 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 2,800 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Saul Centers by 16.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 2,566 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 359 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Saul Centers by 23.3% during the 3rd quarter. Inspire Investing LLC now owns 5,536 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 1,047 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BFS has been the subject of several recent analyst reports. StockNews.com cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. B. Riley lowered their target price on shares of Saul Centers from $53.00 to $47.00 in a research note on Monday, November 21st. Finally, Raymond James cut shares of Saul Centers from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 4th.

Saul Centers Stock Down 2.6 %

BFS stock opened at $38.49 on Wednesday. The stock has a market capitalization of $920.30 million, a P/E ratio of 23.61 and a beta of 1.16. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.62 and a current ratio of 1.62. Saul Centers, Inc. has a one year low of $36.21 and a one year high of $56.22. The company has a 50 day moving average price of $41.06 and a two-hundred day moving average price of $41.14.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th were issued a $0.59 dividend. The ex-dividend date was Friday, January 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.13%. Saul Centers’s dividend payout ratio (DPR) is presently 144.79%.

About Saul Centers

(Get Rating)

Saul Centers, Inc is a real estate investment trust, which engages in the ownership, management, and development of income producing properties. It operates through the following segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighbourhood shopping centers which are anchored by supermarkets, discount department stores, and drug stores.