Saul Centers, Inc. (BFS) Holdings Held by Employees Retirement System of Texas
Employees Retirement System of Texas maintained its stake in Saul Centers, Inc. (NYSE:BFS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,000 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Employees Retirement System of Texas owned approximately 0.20% of Saul Centers worth $2,551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Saul Centers during the 1st quarter valued at about $232,000. Credit Agricole S A lifted its holdings in Saul Centers by 56.3% during the 1st quarter. Credit Agricole S A now owns 3,911 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Saul Centers by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock valued at $11,198,000 after buying an additional 4,844 shares in the last quarter. BlackRock Inc. lifted its holdings in Saul Centers by 8,480.0% during 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 buying an additional 1,683,373 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in Saul Centers during the 2nd quarter valued at about $587,000. Institutional investors own 45.16% of the company’s stock.
A number of equities research analysts recently weighed in on BFS shares. BidaskClub upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets upgraded shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th.
In other news, insider Christopher Netter sold 1,000 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $63.47, for a total transaction of $63,470.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Charles W. Sherren, Jr. sold 1,909 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $62.50, for a total transaction of $119,312.50. Following the sale, the vice president now directly owns 645 shares in the company, valued at approximately $40,312.50. The disclosure for this sale can be found here. Insiders have sold 37,328 shares of company stock worth $2,335,487 in the last three months. Corporate insiders own 48.80% of the company’s stock.
Shares of Saul Centers, Inc. (BFS) opened at 63.66 on Wednesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 40.27 and a beta of 0.72. The company’s 50-day moving average is $61.65 and its 200-day moving average is $60.34. Saul Centers, Inc. has a one year low of $55.86 and a one year high of $68.33.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $2.04 annualized dividend and a dividend yield of 3.20%. Saul Centers’s dividend payout ratio is presently 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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