BNP Paribas Arbitrage SA trimmed its position in Saul Centers Inc (NYSE:BFS) by 21.9% during the first quarter, HoldingsChannel reports. The firm owned 4,830 shares of the real estate investment trust’s stock after selling 1,358 shares during the period. BNP Paribas Arbitrage SA’s holdings in Saul Centers were worth $246,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in BFS. BlackRock Inc. raised its stake in Saul Centers by 2.4% during the 1st quarter. BlackRock Inc. now owns 1,909,180 shares of the real estate investment trust’s stock worth $97,311,000 after acquiring an additional 45,044 shares in the last quarter. Renaissance Technologies LLC raised its stake in Saul Centers by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 372,600 shares of the real estate investment trust’s stock worth $23,008,000 after acquiring an additional 35,100 shares in the last quarter. Wells Fargo & Company MN raised its stake in Saul Centers by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 230,026 shares of the real estate investment trust’s stock worth $14,203,000 after acquiring an additional 6,013 shares in the last quarter. Northern Trust Corp raised its stake in Saul Centers by 5.7% during the 1st quarter. Northern Trust Corp now owns 223,338 shares of the real estate investment trust’s stock worth $11,384,000 after acquiring an additional 12,027 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Saul Centers by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 195,824 shares of the real estate investment trust’s stock worth $9,981,000 after acquiring an additional 2,519 shares in the last quarter. Institutional investors and hedge funds own 45.48% of the company’s stock.
Shares of NYSE:BFS opened at $54.13 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 4.52. The firm has a market cap of $1.18 billion, a P/E ratio of 17.02, a P/E/G ratio of 3.44 and a beta of 0.66. Saul Centers Inc has a 12 month low of $46.71 and a 12 month high of $65.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be paid a $0.52 dividend. The ex-dividend date is Monday, July 16th. This represents a $2.08 dividend on an annualized basis and a yield of 3.84%. Saul Centers’s dividend payout ratio is presently 65.41%.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Saul Centers from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 29th. B. Riley set a $54.00 price target on shares of Saul Centers and gave the stock a “hold” rating in a research note on Thursday, May 10th. Finally, Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.50.
In other Saul Centers news, CEO B Francis Saul II acquired 750 shares of the company’s stock in a transaction on Thursday, May 31st. The shares were bought at an average cost of $49.51 per share, for a total transaction of $37,132.50. Following the completion of the purchase, the chief executive officer now owns 36,625 shares in the company, valued at approximately $1,813,303.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 49.60% of the company’s stock.
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 58 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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