Asset Management One Co. Ltd. decreased its position in Saul Centers Inc (NYSE:BFS) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,810 shares of the real estate investment trust’s stock after selling 1,712 shares during the quarter. Asset Management One Co. Ltd. owned about 0.11% of Saul Centers worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its holdings in Saul Centers by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 130 shares during the period. SG Americas Securities LLC acquired a new position in Saul Centers during the 3rd quarter worth approximately $163,000. QS Investors LLC lifted its position in Saul Centers by 400.0% during the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 2,800 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Saul Centers during the 3rd quarter worth approximately $209,000. Finally, Aperio Group LLC lifted its position in Saul Centers by 6.2% during the 2nd quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 225 shares in the last quarter. 45.48% of the stock is owned by hedge funds and other institutional investors.
In related news, insider James Page Lansdale sold 2,372 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total transaction of $148,250.00. Following the completion of the transaction, the insider now directly owns 2,972 shares in the company, valued at approximately $185,750. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 20,999 shares of company stock valued at $1,329,716. 48.80% of the stock is owned by company insiders.
A number of equities analysts have issued reports on BFS shares. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th.
Saul Centers Inc (NYSE:BFS) traded down $0.04 during mid-day trading on Friday, hitting $58.64. The company had a trading volume of 31,063 shares, compared to its average volume of 27,956. The firm has a market cap of $1,288.60, a price-to-earnings ratio of 35.98, a P/E/G ratio of 3.58 and a beta of 0.72. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. Saul Centers Inc has a twelve month low of $55.86 and a twelve month high of $66.14.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.52 per share. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, January 16th. Saul Centers’s dividend payout ratio is presently 125.15%.
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Saul Centers Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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