Credit Suisse AG raised its position in shares of Saul Centers, Inc. (NYSE:BFS) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 51,406 shares of the real estate investment trust’s stock after buying an additional 1,844 shares during the period. Credit Suisse AG owned 0.24% of Saul Centers worth $3,169,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of BFS. Metropolitan Life Insurance Co. NY boosted its stake in Saul Centers by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 25 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 180 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Saul Centers by 3.5% in the first quarter. Thrivent Financial For Lutherans now owns 9,258 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 310 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Saul Centers by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 144,277 shares of the real estate investment trust’s stock worth $9,610,000 after buying an additional 374 shares in the last quarter. Institutional investors own 45.66% of the company’s stock.
Shares of Saul Centers, Inc. (BFS) opened at 57.58 on Friday. The stock’s 50 day moving average price is $59.55 and its 200-day moving average price is $60.84. The firm has a market cap of $1.26 billion, a PE ratio of 36.42 and a beta of 0.73. Saul Centers, Inc. has a 52-week low of $55.86 and a 52-week high of $68.75.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.54%. Saul Centers’s dividend payout ratio (DPR) is presently 129.11%.
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A number of research firms have weighed in on BFS. Zacks Investment Research cut Saul Centers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub cut Saul Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $72.00.
In other news, Director Patrick F. Noonan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the sale, the director now owns 12,588 shares in the company, valued at approximately $730,104. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 15,000 shares of company stock worth $885,800. Company insiders own 48.80% of the company’s stock.
Saul Centers Company 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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