Dimensional Fund Advisors LP Grows Stake in Saul Centers Inc (BFS)
Dimensional Fund Advisors LP grew its stake in shares of Saul Centers Inc (NYSE:BFS) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,824 shares of the real estate investment trust’s stock after acquiring an additional 2,519 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of Saul Centers worth $9,981,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in BFS. Optimum Investment Advisors purchased a new stake in shares of Saul Centers during the 1st quarter valued at approximately $222,000. Teacher Retirement System of Texas purchased a new stake in shares of Saul Centers during the 4th quarter valued at approximately $277,000. Jefferies Group LLC purchased a new stake in shares of Saul Centers during the 4th quarter valued at approximately $284,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Saul Centers during the 4th quarter valued at approximately $300,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Saul Centers during the 4th quarter valued at approximately $334,000. 45.52% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO B Francis Saul II bought 750 shares of the stock in a transaction on Thursday, May 31st. The shares were acquired at an average cost of $49.51 per share, for a total transaction of $37,132.50. Following the purchase, the chief executive officer now directly owns 36,625 shares of the company’s stock, valued at approximately $1,813,303.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott V. Schneider sold 3,500 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $54.59, for a total transaction of $191,065.00. Following the completion of the sale, the insider now owns 4,500 shares in the company, valued at $245,655. The disclosure for this sale can be found here. Corporate insiders own 48.80% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, July 16th. Saul Centers’s dividend payout ratio is presently 65.41%.
BFS has been the topic of a number of recent research reports. B. Riley set a $54.00 price target on shares of Saul Centers and gave the company a “hold” rating in a research note on Thursday, May 10th. ValuEngine cut shares of Saul Centers from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Finally, Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Saul Centers has an average rating of “Hold” and a consensus price target of $54.50.
Saul Centers Profile
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 58 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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