State Street Corp Cuts Holdings in Saul Centers, Inc. (BFS)
State Street Corp cut its holdings in shares of Saul Centers, Inc. (NYSE:BFS) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,112 shares of the real estate investment trust’s stock after selling 5,323 shares during the period. State Street Corp owned 2.08% of Saul Centers worth $26,331,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in Saul Centers by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,031 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 acquiring an additional 130 shares during the last quarter. QS Investors LLC increased its stake in shares of Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,800 shares during the last quarter. Aperio Group LLC increased its stake in shares of Saul Centers by 6.2% in the 2nd quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 225 shares during the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Saul Centers in the 2nd quarter valued at about $239,000. Institutional investors own 44.89% of the company’s stock.
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A number of brokerages have recently commented on BFS. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Saul Centers from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th.
Shares of Saul Centers, Inc. (NYSE BFS) opened at $61.75 on Tuesday. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $1,341.16, a PE ratio of 19.44, a PEG ratio of 3.80 and a beta of 0.71. Saul Centers, Inc. has a 52 week low of $55.86 and a 52 week high of $68.33.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.30%. Saul Centers’s dividend payout ratio (DPR) is presently 125.15%.
In related news, VP Charles W. Sherren, Jr. sold 1,909 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $62.50, for a total transaction of $119,312.50. Following the completion of the sale, the vice president now directly owns 645 shares of the company’s stock, valued at approximately $40,312.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher Netter sold 4,000 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $63.31, for a total value of $253,240.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,328 shares of company stock valued at $2,335,487. 48.80% of the stock is currently owned by company insiders.
Saul Centers Company 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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