Saul Centers Inc (BFS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Saul Centers Inc (NYSE:BFS) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the real estate investment trust’s stock after selling 2,800 shares during the period. New York State Common Retirement Fund owned 0.05% of Saul Centers worth $548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Saul Centers by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after acquiring an additional 53,115 shares in the last quarter. Vanguard Group Inc lifted its stake in Saul Centers by 2.8% in the third quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after purchasing an additional 53,115 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Saul Centers by 7.8% in the third quarter. Renaissance Technologies LLC now owns 403,700 shares of the real estate investment trust’s stock worth $22,607,000 after purchasing an additional 29,100 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Saul Centers by 85.2% in the third quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock worth $16,953,000 after purchasing an additional 139,285 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Saul Centers by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 203,180 shares of the real estate investment trust’s stock worth $10,886,000 after purchasing an additional 3,184 shares during the last quarter. Institutional investors own 46.67% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th.

Shares of NYSE:BFS opened at $53.88 on Friday. The stock has a market cap of $1.21 billion, a PE ratio of 17.32, a PEG ratio of 3.22 and a beta of 1.00. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17. Saul Centers Inc has a 12 month low of $45.49 and a 12 month high of $60.65.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, April 15th. Saul Centers’s dividend payout ratio is currently 68.17%.

In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 48.50% of the stock is owned by insiders.

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About Saul Centers

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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

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