Saul Centers Inc (BFS) Holdings Cut by First Manhattan Co.

First Manhattan Co. decreased its holdings in shares of Saul Centers Inc (NYSE:BFS) by 2.6% in the 1st quarter, Holdings Channel reports. The fund owned 26,125 shares of the real estate investment trust’s stock after selling 700 shares during the quarter. First Manhattan Co.’s holdings in Saul Centers were worth $1,342,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its stake in Saul Centers by 0.7% during the third quarter. Legal & General Group Plc now owns 58,957 shares of the real estate investment trust’s stock worth $3,282,000 after acquiring an additional 411 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Saul Centers by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock worth $11,137,000 after acquiring an additional 1,985 shares during the last quarter. Wendell David Associates Inc. increased its stake in Saul Centers by 6.7% during the fourth quarter. Wendell David Associates Inc. now owns 15,835 shares of the real estate investment trust’s stock worth $748,000 after acquiring an additional 1,000 shares during the last quarter. Vanguard Group Inc increased its stake in Saul Centers by 2.8% during the third quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after acquiring an additional 53,115 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Saul Centers by 0.7% during the third quarter. Teachers Advisors LLC now owns 166,390 shares of the real estate investment trust’s stock worth $9,318,000 after acquiring an additional 1,162 shares during the last quarter. 46.68% of the stock is owned by institutional investors.

In other news, Director Mark Sullivan III sold 2,500 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 48.50% of the company’s stock.

Separately, Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday.

BFS opened at $52.79 on Wednesday. Saul Centers Inc has a 52 week low of $45.49 and a 52 week high of $60.65. The firm has a market cap of $1.21 billion, a PE ratio of 16.97, a PEG ratio of 3.22 and a beta of 1.00. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, April 15th. This represents a $2.12 annualized dividend and a dividend yield of 4.02%. Saul Centers’s dividend payout ratio is currently 68.17%.

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

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