American International Group Inc. lessened its position in Saul Centers Inc (NYSE:BFS) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,889 shares of the real estate investment trust’s stock after selling 237 shares during the quarter. American International Group Inc.’s holdings in Saul Centers were worth $457,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in Saul Centers during the 1st quarter worth about $208,000. Texas Permanent School Fund lifted its holdings in Saul Centers by 4.2% during the 1st quarter. Texas Permanent School Fund now owns 7,861 shares of the real estate investment trust’s stock worth $404,000 after buying an additional 319 shares during the last quarter. Comerica Bank lifted its holdings in Saul Centers by 3.1% during the 1st quarter. Comerica Bank now owns 11,411 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 341 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Saul Centers during the 1st quarter worth about $435,000. Finally, Quantamental Technologies LLC lifted its holdings in Saul Centers by 600.0% during the 1st quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.
Shares of NYSE BFS opened at $57.00 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.09. Saul Centers Inc has a 1 year low of $45.49 and a 1 year high of $60.65.
Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). The business had revenue of $59.75 million for the quarter, compared to analysts’ expectations of $58.21 million. Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. On average, equities research analysts expect that Saul Centers Inc will post 3.3 EPS for the current fiscal year.
In other news, CEO B Francis Saul II bought 750 shares of Saul Centers stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $53.77 per share, with a total value of $40,327.50. Following the acquisition, the chief executive officer now owns 38,328 shares of the company’s stock, valued at $2,060,896.56. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Charles W. Sherren, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $54.58, for a total value of $545,800.00. Following the completion of the transaction, the vice president now owns 10,678 shares in the company, valued at approximately $582,805.24. The disclosure for this sale can be found here. 48.50% of the stock is owned by insiders.
Separately, Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd.
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Saul Centers 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) 56 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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