State Board of Administration of Florida Retirement System reduced its position in shares of Saul Centers Inc. (NYSE:BFS) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 8,349 shares of the company’s stock after selling 860 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Saul Centers were worth $515,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Teachers Advisors Inc. increased its stake in shares of Saul Centers by 4.7% in the first quarter. Teachers Advisors Inc. now owns 139,525 shares of the company’s stock worth $7,398,000 after buying an additional 6,212 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Saul Centers by 4.1% in the first quarter. BlackRock Group LTD now owns 103,898 shares of the company’s stock worth $5,509,000 after buying an additional 4,115 shares in the last quarter. V3 Capital Management L.P. increased its stake in shares of Saul Centers by 9.9% in the first quarter. V3 Capital Management L.P. now owns 103,511 shares of the company’s stock worth $5,488,000 after buying an additional 9,339 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Saul Centers by 5.4% in the first quarter. JPMorgan Chase & Co. now owns 84,581 shares of the company’s stock worth $4,484,000 after buying an additional 4,299 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Saul Centers by 13.4% in the second quarter. California Public Employees Retirement System now owns 47,319 shares of the company’s stock worth $2,920,000 after buying an additional 5,600 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Saul Centers Inc. (NYSE:BFS) traded up 0.62% on Thursday, hitting $63.46. 53,687 shares of the company’s stock traded hands. Saul Centers Inc. has a 12 month low of $46.46 and a 12 month high of $68.75. The stock has a market cap of $1.36 billion, a P/E ratio of 40.94 and a beta of 0.65. The stock has a 50 day moving average price of $65.81 and a 200-day moving average price of $60.30.
Saul Centers (NYSE:BFS) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The business had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $52.20 million. Equities analysts predict that Saul Centers Inc. will post $3.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.98%. Saul Centers’s dividend payout ratio (DPR) is presently 121.29%.
A number of equities research analysts recently weighed in on BFS shares. Zacks Investment Research downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Monday, September 12th.
In related news, VP Steven N. Corey sold 2,438 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $66.75, for a total transaction of $162,736.50. Following the completion of the transaction, the vice president now directly owns 2,438 shares in the company, valued at approximately $162,736.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick F. Noonan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $65.82, for a total value of $329,100.00. The disclosure for this sale can be found here. Corporate insiders own 50.80% of the company’s stock.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.