Saul Centers Inc (BFS) Position Trimmed by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can decreased its position in shares of Saul Centers Inc (NYSE:BFS) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,905 shares of the real estate investment trust’s stock after selling 829 shares during the quarter. Great West Life Assurance Co. Can owned 0.11% of Saul Centers worth $1,492,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Prudential Financial Inc. lifted its position in Saul Centers by 0.3% during the second quarter. Prudential Financial Inc. now owns 21,878 shares of the real estate investment trust’s stock worth $1,268,000 after purchasing an additional 58 shares during the period. Arizona State Retirement System raised its stake in Saul Centers by 1.6% during the second quarter. Arizona State Retirement System now owns 6,206 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund raised its stake in Saul Centers by 1.3% during the second quarter. Texas Permanent School Fund now owns 8,633 shares of the real estate investment trust’s stock worth $501,000 after acquiring an additional 110 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Saul Centers by 4.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 130 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Saul Centers by 2.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,403 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 160 shares in the last quarter. 45.48% of the stock is owned by institutional investors and hedge funds.
In other Saul Centers news, Director Patrick F. Noonan sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $62.50, for a total transaction of $312,500.00. Following the completion of the transaction, the director now owns 11,130 shares of the company’s stock, valued at $695,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald A. Hachey sold 4,606 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $62.50, for a total value of $287,875.00. Following the transaction, the insider now directly owns 625 shares of the company’s stock, valued at approximately $39,062.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,783 shares of company stock valued at $3,141,476. Insiders own 48.80% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.52 per share. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, January 16th. This represents a $2.08 annualized dividend and a yield of 3.43%. Saul Centers’s payout ratio is presently 125.15%.
Several research analysts have commented on BFS shares. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.
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Saul Centers 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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