Citadel Advisors LLC Buys 2,248 Shares of Saul Centers, Inc. (BFS)
Citadel Advisors LLC boosted its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 59.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,006 shares of the real estate investment trust’s stock after buying an additional 2,248 shares during the period. Citadel Advisors LLC’s holdings in Saul Centers were worth $348,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Credit Agricole S A boosted its stake in Saul Centers by 56.3% during the first quarter. Credit Agricole S A now owns 3,911 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,409 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Saul Centers by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock worth $11,198,000 after buying an additional 4,844 shares during the last quarter. BlackRock Inc. boosted its stake in Saul Centers by 8,480.0% during the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock worth $104,953,000 after buying an additional 1,683,373 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in Saul Centers during the second quarter worth $587,000. Finally, Bank of New York Mellon Corp boosted its stake in Saul Centers by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 188,263 shares of the real estate investment trust’s stock worth $11,600,000 after buying an additional 7,998 shares during the last quarter. 45.16% of the stock is currently owned by institutional investors.
In other news, insider Christopher Netter sold 4,000 shares of Saul Centers stock in a transaction on Monday, October 9th. The stock was sold at an average price of $63.31, for a total value of $253,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip D. Caraci sold 1,000 shares of Saul Centers stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $60.89, for a total value of $60,890.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,328 shares of company stock valued at $2,335,487. Company insiders own 48.80% of the company’s stock.
A number of equities analysts have weighed in on the company. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered 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.
Saul Centers, Inc. (BFS) opened at 63.66 on Wednesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 40.27 and a beta of 0.72. The stock has a 50 day moving average price of $61.65 and a 200 day moving average price of $60.34. Saul Centers, Inc. has a 52 week low of $55.86 and a 52 week high of $68.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, October 16th. Saul Centers’s dividend payout ratio is currently 129.11%.
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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