SECOR Capital Advisors LP reduced its position in shares of Saul Centers, Inc. (NYSE:BFS) by 64.0% during the third quarter, Holdings Channel reports. The institutional investor owned 5,115 shares of the company’s stock after selling 9,098 shares during the period. SECOR Capital Advisors LP’s holdings in Saul Centers were worth $341,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in Saul Centers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock worth $110,000 after buying an additional 218 shares in the last quarter. SG Americas Securities LLC bought a new stake in Saul Centers during the third quarter worth about $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Saul Centers by 17.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,002 shares of the company’s stock worth $133,000 after buying an additional 300 shares during the last quarter. Mason Street Advisors LLC bought a new stake in Saul Centers during the second quarter worth about $137,000. Finally, Advisors Asset Management Inc. increased its stake in Saul Centers by 67.2% in the second quarter. Advisors Asset Management Inc. now owns 2,534 shares of the company’s stock worth $156,000 after buying an additional 1,018 shares during the last quarter. 45.50% of the stock is owned by institutional investors and hedge funds.
Saul Centers, Inc. (NYSE:BFS) traded up 1.08% during midday trading on Wednesday, reaching $64.62. 42,745 shares of the company were exchanged. Saul Centers, Inc. has a 52-week low of $47.00 and a 52-week high of $68.75. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 42.51 and a beta of 0.72. The firm’s 50-day moving average price is $65.45 and its 200 day moving average price is $64.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be given a dividend of $0.51 per share. This is a positive change from Saul Centers’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $2.04 annualized dividend and a dividend yield of 3.16%. Saul Centers’s dividend payout ratio (DPR) is 134.21%.
A number of research firms recently issued reports on BFS. DA Davidson began coverage on shares of Saul Centers in a report on Friday, October 14th. They issued a “neutral” rating and a $72.00 target price for the company. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, September 23rd.
In other news, VP John F. Collich sold 2,237 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $67.26, for a total transaction of $150,460.62. Following the completion of the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $67,260. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joel Albert Friedman sold 3,858 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $64.00, for a total transaction of $246,912.00. Following the transaction, the vice president now owns 3,958 shares of the company’s stock, valued at approximately $253,312. The disclosure for this sale can be found here. 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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