Citadel Advisors LLC purchased a new stake in shares of Saul Centers, Inc. (NYSE:BFS) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,758 shares of the real estate investment trust’s stock, valued at approximately $232,000.
A number of other institutional investors have also made changes to their positions in the stock. Credit Agricole S A boosted its stake in Saul Centers by 49.2% in the fourth quarter. Credit Agricole S A now owns 2,502 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 825 shares during the period. Mason Street Advisors LLC boosted its stake in Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 180 shares during the period. Karp Capital Management Corp purchased a new stake in Saul Centers during the first quarter valued at $222,000. Louisiana State Employees Retirement System boosted its stake in 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 period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Saul Centers during the first quarter valued at $296,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.
Saul Centers, Inc. (NYSE BFS) traded down 0.02% during midday trading on Monday, reaching $59.40. 419 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $58.35 and a 200 day moving average price of $62.29. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 38.27 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, July 13th. Saul Centers’s dividend payout ratio (DPR) is presently 131.61%.
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Several equities research analysts have recently weighed in on BFS shares. BidaskClub upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.
In other Saul Centers news, VP Steven N. Corey sold 5,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $59.04, for a total transaction of $295,200.00. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $295,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 15,000 shares of company stock valued at $885,800 over the last three months. 48.80% of the stock is currently owned by insiders.
About Saul Centers
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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