Teachers Retirement System of The State of Kentucky held its stake in shares of Saul Centers, Inc. (NYSE:BFS) during the first quarter, Holdings Channel reports. The institutional investor owned 3,700 shares of the real estate investment trust’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Saul Centers were worth $228,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BFS. Louisiana State Employees Retirement System increased its stake 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 valued at $296,000 after buying an additional 100 shares during the period. Mason Street Advisors LLC increased its stake 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 valued at $170,000 after buying an additional 180 shares during the period. Thrivent Financial For Lutherans increased its stake 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 valued at $570,000 after buying an additional 310 shares during the period. Teachers Advisors LLC increased its stake 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 valued at $9,610,000 after buying an additional 374 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Saul Centers by 1.8% in the first quarter. Prudential Financial Inc. now owns 21,820 shares of the real estate investment trust’s stock valued at $1,345,000 after buying an additional 380 shares during the period. 46.44% of the stock is owned by institutional investors.

Shares of Saul Centers, Inc. (NYSE:BFS) traded down 1.84% during midday trading on Friday, hitting $59.25. 30,376 shares of the company traded hands. Saul Centers, Inc. has a 52 week low of $55.86 and a 52 week high of $68.75. The stock has a market capitalization of $1.29 billion, a P/E ratio of 37.48 and a beta of 0.73. The company has a 50-day moving average price of $59.44 and a 200-day moving average price of $61.05.

The company 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. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $2.04 annualized dividend and a dividend yield of 3.44%. Saul Centers’s dividend payout ratio (DPR) is presently 129.11%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. 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 raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $72.00.

In related news, VP Steven N. Corey sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $59.04, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president now owns 5,000 shares in the company, valued at approximately $295,200. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 15,000 shares of company stock valued at $885,800. 48.80% of the stock is currently owned by company insiders.

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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