BlackRock Fund Advisors lowered its position in Saul Centers Inc. (NYSE:BFS) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 673,888 shares of the company’s stock after selling 4,946 shares during the period. BlackRock Fund Advisors owned 3.18% of Saul Centers worth $35,730,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. California Public Employees Retirement System increased its stake in shares of Saul Centers by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 44,219 shares of the company’s stock worth $2,267,000 after buying an additional 600 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Saul Centers by 240.6% in the fourth quarter. Bank of Montreal Can now owns 23,221 shares of the company’s stock worth $1,190,000 after buying an additional 16,403 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Saul Centers by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,076 shares of the company’s stock worth $8,618,000 after buying an additional 1,325 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Saul Centers by 26.0% in the fourth quarter. Ameriprise Financial Inc. now owns 79,784 shares of the company’s stock worth $4,090,000 after buying an additional 16,446 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Saul Centers during the fourth quarter worth $7,306,000.
Saul Centers Inc. (NYSE:BFS) traded up 0.49% during trading on Tuesday, hitting $67.18. 17,473 shares of the stock were exchanged. Saul Centers Inc. has a 52 week low of $46.46 and a 52 week high of $67.62. The stock has a market cap of $1.42 billion and a P/E ratio of 43.62. The stock has a 50 day moving average of $61.56 and a 200-day moving average of $54.61.
BFS has been the subject of a number of recent analyst reports. TheStreet upgraded Saul Centers from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Zacks Investment Research cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th.
In other news, VP Steven N. Corey sold 21,250 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $56.59, for a total transaction of $1,202,537.50. Following the completion of the sale, the vice president now owns 3,750 shares of the company’s stock, valued at $212,212.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven N. Corey sold 4,052 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $61.28, for a total transaction of $248,306.56. The disclosure for this sale can be found here.
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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