Panagora Asset Management Inc. Lowers Stake in Saul Centers, Inc. (NYSE:BFS)

Panagora Asset Management Inc. cut its holdings in shares of Saul Centers, Inc. (NYSE:BFSGet Rating) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,272 shares of the real estate investment trust’s stock after selling 704 shares during the quarter. Panagora Asset Management Inc.’s holdings in Saul Centers were worth $2,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in Saul Centers by 10.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 22,105 shares of the real estate investment trust’s stock worth $1,170,000 after purchasing an additional 2,002 shares during the last quarter. Bank of America Corp DE grew its holdings in Saul Centers by 16.2% in the fourth quarter. Bank of America Corp DE now owns 25,360 shares of the real estate investment trust’s stock valued at $1,345,000 after purchasing an additional 3,534 shares during the period. SG Americas Securities LLC raised its position in shares of Saul Centers by 1.9% in the 4th quarter. SG Americas Securities LLC now owns 12,599 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 231 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Saul Centers by 13.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,198 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 628 shares during the period. Finally, Arizona State Retirement System purchased a new stake in shares of Saul Centers during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 51.69% of the company’s stock.

BFS stock opened at $47.90 on Friday. The business’s 50-day moving average price is $51.03 and its two-hundred day moving average price is $50.45. The company has a current ratio of 1.73, a quick ratio of 2.87 and a debt-to-equity ratio of 3.30. The firm has a market cap of $1.14 billion, a PE ratio of 28.18 and a beta of 1.07. Saul Centers, Inc. has a 1-year low of $41.34 and a 1-year high of $56.22.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, April 15th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Wednesday, April 13th. Saul Centers’s dividend payout ratio is 134.12%.

BFS has been the subject of a number of research reports. Capital One Financial restated an “equal weight” rating on shares of Saul Centers in a research note on Sunday, March 13th. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “sell” rating in a research report on Friday. B. Riley reiterated a “buy” rating on shares of Saul Centers in a research note on Wednesday, March 9th. Finally, StockNews.com initiated coverage on Saul Centers in a research note on Thursday, March 31st. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.00.

In related news, Director John E. Chapoton sold 1,650 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $48.00, for a total value of $79,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director H. Gregory Platts sold 1,435 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $46.50, for a total value of $66,727.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,585 shares of company stock worth $260,853. 51.50% of the stock is owned by company insiders.

Saul Centers Company Profile (Get Rating)

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) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

See Also

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

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