State of Alaska Department of Revenue boosted its position in Saul Centers, Inc. (NYSE:BFS) by 79.3% during the second quarter, Holdings Channel reports. The fund owned 2,331 shares of the real estate investment trust’s stock after buying an additional 1,031 shares during the period. State of Alaska Department of Revenue’s holdings in Saul Centers were worth $135,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BFS. Metropolitan Life Insurance Co. NY increased its position in shares of 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 during the last quarter. Louisiana State Employees Retirement System increased its position in shares of 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 during the last quarter. Mason Street Advisors LLC increased its position in shares of 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 during the last quarter. Thrivent Financial For Lutherans increased its position in shares of 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 during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of 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 during the last quarter. Institutional investors own 46.44% of the company’s stock.

Shares of Saul Centers, Inc. (BFS) traded down 1.0524% during trading on Friday, hitting $59.7248. 8,338 shares of the stock were exchanged. The stock has a 50-day moving average of $59.42 and a 200 day moving average of $61.10. The stock has a market cap of $1.30 billion, a P/E ratio of 37.7766 and a beta of 0.73. Saul Centers, Inc. has a 12-month low of $55.86 and a 12-month high of $68.75.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, July 13th. Saul Centers’s dividend payout ratio is currently 129.11%.

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A number of brokerages have commented on BFS. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, BMO Capital Markets upgraded shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday. One equities 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 stock has an average rating of “Hold” and an average target price of $72.00.

In related news, insider Scott V. Schneider sold 5,000 shares of Saul Centers stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $60.12, for a total transaction of $300,600.00. Following the sale, the insider now directly owns 4,500 shares in the company, valued at $270,540. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have 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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Institutional Ownership by Quarter for Saul Centers (NYSE:BFS)

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