Asset Management One Co. Ltd. cut its stake in shares of Saul Centers Inc (NYSE:BFS) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,810 shares of the real estate investment trust’s stock after selling 1,712 shares during the period. Asset Management One Co. Ltd. owned about 0.11% of Saul Centers worth $1,549,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Saul Centers by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 191,713 shares of the real estate investment trust’s stock valued at $11,869,000 after purchasing an additional 1,596 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Saul Centers by 2.1% during the 3rd quarter. Wells Fargo & Company MN now owns 224,013 shares of the real estate investment trust’s stock valued at $13,868,000 after purchasing an additional 4,639 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Saul Centers by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,671 shares of the real estate investment trust’s stock valued at $6,666,000 after purchasing an additional 2,625 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Saul Centers during the 3rd quarter valued at $163,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Saul Centers by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors and hedge funds own 45.48% of the company’s stock.
In other Saul Centers news, Director Patrick F. Noonan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $62.50, for a total value of $312,500.00. Following the completion of the transaction, the director now owns 11,130 shares in the company, valued at approximately $695,625. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Netter sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $63.47, for a total value of $63,470.00. The disclosure for this sale can be found here. In the last three months, insiders sold 49,783 shares of company stock valued at $3,141,476. 48.80% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $2.08 annualized dividend and a yield of 3.43%. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s dividend payout ratio (DPR) is 125.15%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.
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About Saul Centers
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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