Teachers Advisors LLC raised its stake in Saul Centers, Inc. (NYSE:BFS) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,903 shares of the company’s stock after buying an additional 2,300 shares during the period. Teachers Advisors LLC owned 0.67% of Saul Centers worth $9,584,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Saul Centers by 13.0% in the third quarter. BlackRock Fund Advisors now owns 778,378 shares of the company’s stock valued at $51,840,000 after buying an additional 89,764 shares during the last quarter. BlackRock Inc. increased its stake in Saul Centers by 13.9% in the third quarter. BlackRock Inc. now owns 16,623 shares of the company’s stock valued at $1,107,000 after buying an additional 2,024 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Saul Centers by 2.2% in the third quarter. BlackRock Investment Management LLC now owns 43,158 shares of the company’s stock valued at $2,874,000 after buying an additional 937 shares during the last quarter. BlackRock Advisors LLC increased its stake in Saul Centers by 4.1% in the third quarter. BlackRock Advisors LLC now owns 5,642 shares of the company’s stock valued at $376,000 after buying an additional 222 shares during the last quarter. Finally, Swiss National Bank increased its stake in Saul Centers by 0.5% in the third quarter. Swiss National Bank now owns 19,683 shares of the company’s stock valued at $1,311,000 after buying an additional 100 shares during the last quarter. Institutional investors own 45.50% of the company’s stock.
Saul Centers, Inc. (NYSE:BFS) traded down 0.11% during midday trading on Wednesday, hitting $65.29. The company’s stock had a trading volume of 3,731 shares. The company’s 50-day moving average is $65.41 and its 200 day moving average is $64.70. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 42.95 and a beta of 0.72. Saul Centers, Inc. has a one year low of $46.46 and a one year high of $68.75.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a dividend of $0.51 per share. This is a boost from Saul Centers’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, January 12th. Saul Centers’s dividend payout ratio is 123.69%.
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Several research firms recently commented on BFS. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Monday, January 2nd. DA Davidson initiated coverage on Saul Centers in a research note on Friday, October 14th. They set a “neutral” rating and a $72.00 price target for the company.
In related news, VP John F. Collich sold 8,968 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $66.15, for a total transaction of $593,233.20. Following the completion of the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $66,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John F. Collich sold 2,237 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $67.26, for a total value of $150,460.62. Following the sale, the vice president now owns 1,000 shares of the company’s stock, valued at $67,260. The disclosure for this sale can be found here. Corporate insiders own 50.80% of the company’s stock.
Saul Centers Company Profile
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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