Teachers Advisors LLC lifted its position in shares of Saul Centers Inc (NYSE:BFS) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,390 shares of the real estate investment trust’s stock after purchasing an additional 1,162 shares during the quarter. Teachers Advisors LLC owned 0.74% of Saul Centers worth $9,318,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of BFS. Rhumbline Advisers boosted its stake in Saul Centers by 5.1% in the second quarter. Rhumbline Advisers now owns 32,336 shares of the real estate investment trust’s stock valued at $1,733,000 after acquiring an additional 1,572 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Saul Centers by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 203,180 shares of the real estate investment trust’s stock valued at $10,886,000 after buying an additional 3,184 shares in the last quarter. SG Americas Securities LLC purchased a new position in Saul Centers in the second quarter valued at about $560,000. Schwab Charles Investment Management Inc. increased its holdings in Saul Centers by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 145,667 shares of the real estate investment trust’s stock valued at $7,805,000 after buying an additional 9,973 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Saul Centers by 7.3% in the second quarter. BlackRock Inc. now owns 2,048,528 shares of the real estate investment trust’s stock valued at $109,759,000 after buying an additional 139,348 shares in the last quarter. 46.18% of the stock is currently owned by institutional investors.
Shares of BFS opened at $51.11 on Friday. The company has a debt-to-equity ratio of 4.28, a current ratio of 2.04 and a quick ratio of 2.04. Saul Centers Inc has a 1-year low of $45.49 and a 1-year high of $60.65. The company has a market cap of $1.16 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 3.06 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Saul Centers’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, January 16th. Saul Centers’s dividend payout ratio (DPR) is 65.41%.
In other news, Director John E. Chapoton sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $50.04, for a total transaction of $500,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott V. Schneider sold 805 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $54.04, for a total transaction of $43,502.20. Following the transaction, the chief financial officer now directly owns 9,398 shares of the company’s stock, valued at $507,867.92. The disclosure for this sale can be found here. Company insiders own 49.60% of the company’s stock.
A number of research analysts have issued reports on BFS shares. Zacks Investment Research raised shares of Saul Centers from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, November 7th. ValuEngine raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th.
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Saul Centers Company Profile
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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