Bank of Montreal Can lifted its holdings in shares of Saul Centers Inc (NYSE:BFS) by 55.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,195 shares of the real estate investment trust’s stock after acquiring an additional 11,184 shares during the quarter. Bank of Montreal Can owned approximately 0.14% of Saul Centers worth $1,473,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vident Investment Advisory LLC bought a new position in shares of Saul Centers during the 3rd quarter worth approximately $266,000. Macquarie Group Ltd. boosted its stake in shares of Saul Centers by 36.8% during the 3rd quarter. Macquarie Group Ltd. now owns 5,200 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 1,400 shares during the period. Laurion Capital Management LP bought a new position in shares of Saul Centers during the 3rd quarter worth approximately $322,000. MetLife Investment Advisors LLC boosted its stake in shares of Saul Centers by 55.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,416 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 3,011 shares during the period. Finally, Wendell David Associates Inc. boosted its stake in shares of Saul Centers by 6.7% during the 4th quarter. Wendell David Associates Inc. now owns 15,835 shares of the real estate investment trust’s stock worth $748,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 47.13% of the company’s stock.
BFS has been the subject of several research analyst reports. Zacks Investment Research upgraded Saul Centers from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, November 7th. ValuEngine upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th.
NYSE:BFS opened at $57.12 on Thursday. The company has a market cap of $1.29 billion, a P/E ratio of 17.96, a PEG ratio of 3.41 and a beta of 0.98. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 4.28. Saul Centers Inc has a 1-year low of $45.49 and a 1-year high of $60.65.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Thursday, January 17th were issued a dividend of $0.53 per share. This is a boost from Saul Centers’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, January 16th. Saul Centers’s dividend payout ratio (DPR) is presently 66.67%.
In related news, CFO Scott V. Schneider sold 805 shares of Saul Centers stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $54.04, for a total transaction of $43,502.20. Following the completion of the sale, the chief financial officer now directly owns 9,398 shares of the company’s stock, valued at approximately $507,867.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 49.60% of the company’s stock.
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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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