Mason Street Advisors LLC acquired a new stake in Saul Centers Inc. (NYSE:BFS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,225 shares of the company’s stock, valued at approximately $137,000.
A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Saul Centers by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,984,864 shares of the company’s stock valued at $122,485,000 after buying an additional 78,753 shares during the last quarter. AXA increased its stake in Saul Centers by 198.6% in the second quarter. AXA now owns 100,730 shares of the company’s stock valued at $6,216,000 after buying an additional 67,000 shares during the last quarter. Alexandria Capital LLC bought a new stake in Saul Centers during the second quarter valued at $2,618,000. Schwab Charles Investment Management Inc. increased its stake in Saul Centers by 28.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 165,650 shares of the company’s stock valued at $10,223,000 after buying an additional 36,502 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Saul Centers during the second quarter valued at $2,038,000. 45.14% of the stock is owned by institutional investors and hedge funds.
Shares of Saul Centers Inc. (NYSE:BFS) opened at 64.24 on Monday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 41.45 and a beta of 0.65. The firm has a 50-day moving average of $65.46 and a 200-day moving average of $60.79. Saul Centers Inc. has a one year low of $46.46 and a one year high of $68.75.
Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.03. The company earned $52.70 million during the quarter, compared to analyst estimates of $52.20 million. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. On average, equities analysts predict that Saul Centers Inc. will post $3.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.88 annualized dividend and a dividend yield of 2.93%. Saul Centers’s payout ratio is 121.29%.
BFS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, September 23rd. DA Davidson initiated coverage on shares of Saul Centers in a report on Friday. They issued a “neutral” rating and a $72.00 price objective for the company. Finally, TheStreet downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Monday, September 12th.
In related news, VP Joel Albert Friedman sold 1,142 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $67.00, for a total transaction of $76,514.00. Following the sale, the vice president now owns 1,242 shares in the company, valued at approximately $83,214. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Netter sold 5,539 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $68.53, for a total value of $379,587.67. The disclosure for this sale can be found here. 50.80% of the stock is owned by insiders.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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