Horizon Investments LLC Takes $614,000 Position in Saul Centers, Inc. $BFS

Horizon Investments LLC purchased a new stake in shares of Saul Centers, Inc. (NYSE:BFS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,831 shares of the real estate investment trust’s stock, valued at approximately $614,000.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Saul Centers during the second quarter valued at $27,000. Hantz Financial Services Inc. raised its stake in shares of Saul Centers by 48.8% during the third quarter. Hantz Financial Services Inc. now owns 1,092 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 358 shares during the last quarter. CWM LLC raised its stake in shares of Saul Centers by 35.8% during the fourth quarter. CWM LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 381 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Saul Centers during the fourth quarter worth $54,000. Finally, Signaturefd LLC raised its stake in Saul Centers by 450.6% during the fourth quarter. Signaturefd LLC now owns 1,795 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,469 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Saul Centers in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Saul Centers Price Performance

Shares of NYSE BFS opened at $35.12 on Friday. Saul Centers, Inc. has a twelve month low of $29.16 and a twelve month high of $35.75. The firm has a fifty day simple moving average of $33.69 and a 200 day simple moving average of $32.36. The company has a market capitalization of $860.39 million, a PE ratio of 33.13 and a beta of 0.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 5.48.

Saul Centers (NYSE:BFS) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Saul Centers had a net margin of 12.43% and a return on equity of 12.34%. The business had revenue of $74.64 million during the quarter, compared to the consensus estimate of $75.11 million.

Saul Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Wednesday, April 15th. Saul Centers’s dividend payout ratio (DPR) is currently 222.64%.

About Saul Centers

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.