California State Teachers Retirement System trimmed its stake in Saul Centers Inc (NYSE:BFS) by 10.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,755 shares of the real estate investment trust’s stock after selling 1,970 shares during the quarter. California State Teachers Retirement System’s holdings in Saul Centers were worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BFS. SG Americas Securities LLC purchased a new position in shares of Saul Centers in the third quarter worth $163,000. QS Investors LLC raised its stake in shares of Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Saul Centers in the third quarter worth $209,000. Voya Investment Management LLC purchased a new position in shares of Saul Centers in the second quarter worth $239,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Saul Centers by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 1,660 shares during the last quarter. 45.44% of the stock is currently owned by institutional investors and hedge funds.

BFS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.

Shares of Saul Centers Inc (NYSE BFS) opened at $57.25 on Friday. The company has a market capitalization of $1,236.69, a price-to-earnings ratio of 17.93, a P/E/G ratio of 3.44 and a beta of 0.72. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers Inc has a 1 year low of $55.17 and a 1 year high of $66.14.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.41). Saul Centers had a net margin of 21.42% and a return on equity of 23.93%. equities analysts forecast that Saul Centers Inc will post 3.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, January 16th. This is a boost from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s dividend payout ratio is 127.61%.

In related news, insider James Page Lansdale sold 11,027 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $64.06, for a total transaction of $706,389.62. Following the completion of the sale, the insider now owns 11,627 shares in the company, valued at $744,825.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 20,999 shares of company stock valued at $1,329,716. 48.80% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Saul Centers (NYSE:BFS)

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