Saul Centers, Inc. (BFS) Stake Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in Saul Centers, Inc. (NYSE:BFS) by 19.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,672 shares of the real estate investment trust’s stock after purchasing an additional 1,590 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Saul Centers were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in BFS. Teachers Advisors LLC lifted its stake in shares of Saul Centers by 0.3% in the 1st quarter. Teachers Advisors LLC now owns 144,659 shares of the real estate investment trust’s stock valued at $8,914,000 after purchasing an additional 382 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Saul Centers by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after purchasing an additional 46,999 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Saul Centers by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 114,749 shares of the real estate investment trust’s stock valued at $7,070,000 after purchasing an additional 4,863 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Saul Centers by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock valued at $11,198,000 after purchasing an additional 4,844 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Saul Centers by 8,480.0% in the 1st quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock valued at $104,953,000 after purchasing an additional 1,683,373 shares during the last quarter. 44.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Saul Centers, Inc. (BFS) opened at $63.61 on Thursday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 4.62. The stock has a market capitalization of $1,387.15, a price-to-earnings ratio of 20.11, a P/E/G ratio of 3.93 and a beta of 0.71. Saul Centers, Inc. has a 1-year low of $55.86 and a 1-year high of $68.33.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $2.04 annualized dividend and a dividend yield of 3.21%. Saul Centers’s dividend payout ratio is presently 125.15%.

In related 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 sale, the vice president now owns 645 shares in the company, valued at approximately $40,312.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Steven N. Corey sold 11,250 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $63.26, for a total value of $711,675.00. The disclosure for this sale can be found here. Insiders sold a total of 37,328 shares of company stock worth $2,335,487 in the last quarter. Company insiders own 48.80% of the company’s stock.

Several equities analysts have recently commented on the company. BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

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

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