Macquarie Group Ltd. Continues to Hold Position in Saul Centers, Inc. (BFS)

Macquarie Group Ltd. continued to hold its position in shares of Saul Centers, Inc. (NYSE:BFS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the real estate investment trust’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Saul Centers were worth $232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BFS. State of Alaska Department of Revenue lifted its position in shares of Saul Centers by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,031 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Saul Centers by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 130 shares in the last quarter. QS Investors LLC lifted its position in shares of Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,800 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Saul Centers in the first quarter valued at approximately $222,000. Finally, Aperio Group LLC lifted its position in shares of Saul Centers by 6.2% in the second quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Monday, October 16th. Saul Centers’s dividend payout ratio is currently 129.11%.

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In other Saul Centers news, Director Patrick F. Noonan sold 5,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $61.15, for a total transaction of $305,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Steven N. Corey sold 11,250 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $63.26, for a total value of $711,675.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,328 shares of company stock worth $2,335,487. Insiders own 48.80% of the company’s stock.

Several research firms have recently weighed in on BFS. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.

Saul Centers Profile

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.

Institutional Ownership by Quarter for Saul Centers (NYSE:BFS)

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