Parametric Portfolio Associates LLC decreased its stake in shares of Saul Centers, Inc. (NYSE:BFS) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,370 shares of the real estate investment trust’s stock after selling 1,726 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.10% of Saul Centers worth $1,378,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System increased its stake in shares of Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 100 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Saul Centers by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 144,277 shares of the real estate investment trust’s stock valued at $9,610,000 after buying an additional 374 shares during the last quarter. State Street Corp increased its stake in shares of Saul Centers by 4.8% in the fourth quarter. State Street Corp now owns 422,587 shares of the real estate investment trust’s stock valued at $28,145,000 after buying an additional 19,311 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Saul Centers by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 17,675 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 500 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Saul Centers by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 176,888 shares of the real estate investment trust’s stock valued at $11,782,000 after buying an additional 2,424 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.
Shares of Saul Centers, Inc. (NYSE BFS) opened at 60.69 on Thursday. The firm has a 50 day moving average price of $58.76 and a 200-day moving average price of $61.58. The company has a market cap of $1.30 billion, a P/E ratio of 39.10 and a beta of 0.73. Saul Centers, Inc. has a 12 month low of $55.86 and a 12 month high of $68.75.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 13th. Saul Centers’s dividend payout ratio is presently 131.61%.
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BFS has been the subject of a number of research reports. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.
In other news, insider Scott V. Schneider sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $60.12, for a total transaction of $300,600.00. Following the completion of the sale, the insider now owns 4,500 shares in the company, valued at $270,540. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 15,000 shares of company stock valued at $885,800. Corporate insiders own 48.80% of the company’s stock.
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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