Rhumbline Advisers Has $1.33 Million Holdings in Saul Centers, Inc. (NYSE:BFS)

Rhumbline Advisers increased its position in shares of Saul Centers, Inc. (NYSE:BFS) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,243 shares of the real estate investment trust’s stock after buying an additional 575 shares during the period. Rhumbline Advisers’ holdings in Saul Centers were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFS. Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 purchasing an additional 868 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Saul Centers during the 3rd quarter worth about $202,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Saul Centers during the 3rd quarter worth about $288,000. Inspire Investing LLC grew its stake in Saul Centers by 5.0% in the 4th quarter. Inspire Investing LLC now owns 10,341 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 497 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in Saul Centers by 21.5% in the 3rd quarter. Quest Partners LLC now owns 14,422 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 2,556 shares during the period. 49.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Saul Centers from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th.

Saul Centers Stock Performance

Shares of NYSE:BFS opened at $36.54 on Thursday. Saul Centers, Inc. has a 12-month low of $34.98 and a 12-month high of $42.39. The company’s 50 day moving average price is $37.04 and its two-hundred day moving average price is $39.15. The firm has a market cap of $884.21 million, a PE ratio of 19.86 and a beta of 1.08. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share 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 during the quarter, compared to analysts’ expectations of $68.94 million. Equities research analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers 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.