Municipal Employees Retirement System of Michigan grew its position in shares of Saul Centers Inc (NYSE:BFS) by 59.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,440 shares of the real estate investment trust’s stock after purchasing an additional 1,660 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Saul Centers were worth $275,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. QS Investors LLC raised its position in shares of Saul Centers by 400.0% during the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Saul Centers during the third quarter worth about $209,000. Aperio Group LLC raised its position in shares of Saul Centers by 6.2% during the second quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 225 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of Saul Centers during the second quarter worth about $239,000. Finally, Citadel Advisors LLC raised its position in shares of Saul Centers by 59.8% during the second quarter. Citadel Advisors LLC now owns 6,006 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 2,248 shares during the last quarter. 45.48% of the stock is currently owned by hedge funds and other institutional investors.
BFS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th.
Shares of Saul Centers Inc (NYSE:BFS) opened at $62.12 on Tuesday. The firm has a market capitalization of $1,352.98, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.85 and a beta of 0.72. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers Inc has a 1-year low of $55.86 and a 1-year high of $68.33.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.52 dividend. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, January 16th. Saul Centers’s payout ratio is presently 125.15%.
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Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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