Saul Centers, Inc. (BFS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Saul Centers, Inc. (NYSE:BFS) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,054 shares of the real estate investment trust’s stock after selling 24 shares during the period. Rhumbline Advisers owned about 0.12% of Saul Centers worth $1,511,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Saul Centers by 8,480.0% in the 1st quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock valued at $104,953,000 after acquiring an additional 1,683,373 shares during the last quarter. AXA lifted its stake in shares of Saul Centers by 48.7% in the 1st quarter. AXA now owns 187,009 shares of the real estate investment trust’s stock valued at $11,523,000 after acquiring an additional 61,256 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Saul Centers by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after acquiring an additional 46,999 shares during the last quarter. State Street Corp lifted its stake in shares of Saul Centers by 8.7% in the 1st quarter. State Street Corp now owns 459,435 shares of the real estate investment trust’s stock valued at $28,306,000 after acquiring an additional 36,848 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Saul Centers by 14.8% in the 1st quarter. Wells Fargo & Company MN now owns 211,639 shares of the real estate investment trust’s stock valued at $13,042,000 after acquiring an additional 27,222 shares during the last quarter. 45.16% of the stock is owned by hedge funds and other institutional investors.

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BFS has been the subject of a number of recent research reports. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th.

In related news, VP Charles W. Sherren, Jr. sold 2,453 shares of Saul Centers stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.72, for a total value of $151,399.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Steven N. Corey sold 5,000 shares of Saul Centers stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $59.04, for a total value of $295,200.00. Following the completion of the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $295,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,453 shares of company stock valued at $507,489. 48.80% of the stock is currently owned by company insiders.

Shares of Saul Centers, Inc. (BFS) opened at 61.32 on Wednesday. Saul Centers, Inc. has a 1-year low of $55.86 and a 1-year high of $68.33. The stock has a 50 day moving average price of $60.45 and a 200-day moving average price of $60.30. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 38.79 and a beta of 0.72.

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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Institutional Ownership by Quarter for Saul Centers (NYSE:BFS)

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