First Manhattan Co. reduced its holdings in shares of Saul Centers Inc (NYSE:BFS) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,125 shares of the real estate investment trust’s stock after selling 700 shares during the period. First Manhattan Co. owned approximately 0.11% of Saul Centers worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Texas Permanent School Fund increased its position in Saul Centers by 4.5% during the 4th quarter. Texas Permanent School Fund now owns 7,542 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 322 shares in the last quarter. Deutsche Bank AG increased its position in Saul Centers by 1.3% during the 4th quarter. Deutsche Bank AG now owns 28,419 shares of the real estate investment trust’s stock valued at $1,339,000 after buying an additional 359 shares in the last quarter. Legal & General Group Plc increased its position in Saul Centers by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 58,957 shares of the real estate investment trust’s stock valued at $3,282,000 after buying an additional 411 shares in the last quarter. Wendell David Associates Inc. increased its position in Saul Centers by 6.7% during the 4th quarter. Wendell David Associates Inc. now owns 15,835 shares of the real estate investment trust’s stock valued at $748,000 after buying an additional 1,000 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Saul Centers by 6.6% during the 4th quarter. Arizona State Retirement System now owns 17,750 shares of the real estate investment trust’s stock valued at $838,000 after purchasing an additional 1,104 shares during the last quarter. 46.68% of the stock is currently owned by institutional investors.
In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total transaction of $132,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 48.50% of the stock is currently owned by insiders.
Saul Centers stock opened at $52.79 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 4.17. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.22 and a beta of 1.00. Saul Centers Inc has a fifty-two week low of $45.49 and a fifty-two week high of $60.65.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $2.12 annualized dividend and a yield of 4.02%. Saul Centers’s payout ratio is presently 68.17%.
Separately, Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday.
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About Saul Centers
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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