Principal Financial Group Inc. decreased its position in shares of Saul Centers, Inc. (NYSE:BFS) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,120 shares of the real estate investment trust’s stock after selling 22,560 shares during the quarter. Principal Financial Group Inc. owned 4.69% of Saul Centers worth $63,280,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Saul Centers by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 53,182 shares of the real estate investment trust’s stock worth $3,085,000 after acquiring an additional 3,582 shares in the last quarter. BlackRock Inc. raised its position in shares of Saul Centers by 2.7% during the 2nd quarter. BlackRock Inc. now owns 1,748,798 shares of the real estate investment trust’s stock worth $101,395,000 after purchasing an additional 45,574 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Saul Centers by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock worth $11,198,000 after purchasing an additional 4,844 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of Saul Centers during the 2nd quarter worth approximately $587,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Saul Centers by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 198,001 shares of the real estate investment trust’s stock worth $12,201,000 after purchasing an additional 14,637 shares during the last quarter. 44.89% of the stock is currently owned by institutional investors and hedge funds.
Saul Centers, Inc. (NYSE BFS) opened at $61.75 on Tuesday. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. Saul Centers, Inc. has a 12-month low of $55.86 and a 12-month high of $68.33. The stock has a market capitalization of $1,341.16, a P/E ratio of 19.44, a P/E/G ratio of 3.80 and a beta of 0.71.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $2.04 annualized dividend and a dividend yield of 3.30%. Saul Centers’s dividend payout ratio is currently 125.15%.
In other Saul Centers news, VP Charles W. Sherren, Jr. sold 1,909 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $62.50, for a total value of $119,312.50. Following the completion of the transaction, the vice president now directly owns 645 shares in the company, valued at approximately $40,312.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip D. Caraci sold 1,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $60.89, for a total value of $60,890.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,328 shares of company stock valued at $2,335,487 over the last 90 days. Insiders own 48.80% of the company’s stock.
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Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th.
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.
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