Saul Centers Inc. (BFS) Stake Reduced by Strs Ohio
Strs Ohio lowered its stake in shares of Saul Centers Inc. (NYSE:BFS) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,451 shares of the company’s stock after selling 514 shares during the period. Strs Ohio’s holdings in Saul Centers were worth $1,447,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BFS. Bank of Montreal Can purchased a new position in shares of Saul Centers during the second quarter valued at $1,295,000. V3 Capital Management L.P. boosted its position in shares of Saul Centers by 9.9% in the first quarter. V3 Capital Management L.P. now owns 103,511 shares of the company’s stock valued at $5,488,000 after buying an additional 9,339 shares during the last quarter. Menta Capital LLC purchased a new position in shares of Saul Centers during the first quarter valued at $353,000. Teachers Advisors Inc. boosted its position in shares of Saul Centers by 4.7% in the first quarter. Teachers Advisors Inc. now owns 139,525 shares of the company’s stock valued at $7,398,000 after buying an additional 6,212 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in shares of Saul Centers during the first quarter valued at $281,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.
Saul Centers Inc. (NYSE:BFS) traded down 1.74% on Tuesday, reaching $62.62. 21,070 shares of the company’s stock were exchanged. Saul Centers Inc. has a 1-year low of $46.46 and a 1-year high of $68.75. The company has a market capitalization of $1.34 billion, a PE ratio of 40.40 and a beta of 0.65. The company has a 50 day moving average price of $65.63 and a 200-day moving average price of $60.63.
Saul Centers (NYSE:BFS) last released its earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The business earned $52.70 million during the quarter, compared to analyst estimates of $52.20 million. On average, equities research analysts anticipate that Saul Centers Inc. will post $3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, October 12th. Saul Centers’s dividend payout ratio (DPR) is currently 121.29%.
Several research analysts have recently weighed in on BFS shares. Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. TheStreet cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Monday, September 12th.
In other news, insider Christopher Netter sold 5,539 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $68.53, for a total value of $379,587.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joel Albert Friedman sold 1,142 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $67.00, for a total value of $76,514.00. Following the completion of the transaction, the vice president now owns 1,242 shares of the company’s stock, valued at approximately $83,214. The disclosure for this sale can be found here. 50.80% of the stock is owned by company insiders.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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