Millennium Management LLC boosted its holdings in shares of Saul Centers Inc (NYSE:BFS) by 171.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,394 shares of the real estate investment trust’s stock after purchasing an additional 40,692 shares during the quarter. Millennium Management LLC owned about 0.28% of Saul Centers worth $3,041,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of BFS. Bessemer Group Inc. bought a new stake in Saul Centers during the 4th quarter valued at approximately $71,000. Municipal Employees Retirement System of Michigan bought a new stake in Saul Centers during the 4th quarter valued at approximately $162,000. Oregon Public Employees Retirement Fund bought a new stake in Saul Centers in the 4th quarter worth approximately $207,000. Metropolitan Life Insurance Co. NY increased its stake in Saul Centers by 203.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,466 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in Saul Centers in the 3rd quarter worth approximately $266,000. 46.68% of the stock is currently owned by institutional investors.
NYSE:BFS opened at $52.86 on Friday. The company has a debt-to-equity ratio of 4.17, a quick ratio of 2.11 and a current ratio of 2.11. Saul Centers Inc has a 1 year low of $45.49 and a 1 year high of $60.65. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 3.21 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, April 15th. Saul Centers’s payout ratio is 68.17%.
In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of Saul Centers stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total value of $132,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 48.50% of the company’s stock.
Separately, Zacks Investment Research downgraded Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday, December 28th.
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Saul Centers Profile
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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