Public Employees Retirement System of Ohio boosted its stake in shares of Saul Centers Inc (NYSE:BFS) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,634 shares of the real estate investment trust’s stock after purchasing an additional 1,636 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Saul Centers worth $1,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Saul Centers by 80.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,685 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 6,565 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Saul Centers by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 6,206 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 100 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Saul Centers by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 190,035 shares of the real estate investment trust’s stock valued at $11,018,000 after acquiring an additional 1,772 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Saul Centers by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 53,182 shares of the real estate investment trust’s stock valued at $3,085,000 after acquiring an additional 3,582 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Saul Centers by 2.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,403 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 45.48% of the company’s stock.

BFS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Raymond James Financial reiterated a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.

Saul Centers Inc (BFS) opened at $58.95 on Friday. Saul Centers Inc has a 1-year low of $55.86 and a 1-year high of $66.78. The company has a market capitalization of $1,305.24, a PE ratio of 36.17, a PEG ratio of 3.63 and a beta of 0.72. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s dividend payout ratio (DPR) is currently 125.15%.

In related news, insider Christopher Netter sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $63.31, for a total transaction of $253,240.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James Page Lansdale sold 7,600 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $62.51, for a total value of $475,076.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,249 shares of company stock worth $2,294,631 in the last 90 days. 48.80% of the stock is currently owned by company insiders.

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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.

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

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