Prudential Financial Inc. Buys 58 Shares of Saul Centers, Inc. (BFS)
Prudential Financial Inc. lifted its stake in Saul Centers, Inc. (NYSE:BFS) by 0.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,878 shares of the real estate investment trust’s stock after buying an additional 58 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Saul Centers worth $1,268,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Saul Centers by 8,480.0% during the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock worth $104,953,000 after acquiring an additional 1,683,373 shares during the period. Vanguard Group Inc. raised its position in Saul Centers by 2.3% during the first quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after acquiring an additional 46,999 shares in the last quarter. State Street Corp raised its position in Saul Centers by 8.7% during the first quarter. State Street Corp now owns 459,435 shares of the real estate investment trust’s stock valued at $28,306,000 after acquiring an additional 36,848 shares in the last quarter. Renaissance Technologies LLC raised its position in Saul Centers by 5.4% during the first quarter. Renaissance Technologies LLC now owns 303,800 shares of the real estate investment trust’s stock valued at $18,720,000 after acquiring an additional 15,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Saul Centers by 8.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 198,001 shares of the real estate investment trust’s stock valued at $12,201,000 after acquiring an additional 14,637 shares in the last quarter. Hedge funds and other institutional investors own 45.16% of the company’s stock.
In other news, VP Steven N. Corey sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $59.04, for a total transaction of $295,200.00. Following the completion of the sale, the vice president now owns 5,000 shares in the company, valued at $295,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip D. Caraci sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was 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 sold a total of 26,078 shares of company stock worth $1,602,302 over the last quarter. Company insiders own 48.80% of the company’s stock.
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Shares of Saul Centers, Inc. (NYSE:BFS) opened at 63.43 on Wednesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 40.12 and a beta of 0.72. The company’s 50-day moving average is $60.96 and its 200-day moving average is $60.29. Saul Centers, Inc. has a one year low of $55.86 and a one year high of $68.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $2.04 annualized dividend and a dividend yield of 3.22%. Saul Centers’s dividend payout ratio (DPR) is currently 129.11%.
BFS has been the subject of a number of analyst reports. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a research note 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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