Bank of Montreal Can Has $1.05 Million Holdings in Saul Centers Inc (BFS)

Bank of Montreal Can raised its stake in Saul Centers Inc (NYSE:BFS) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 16,932 shares of the real estate investment trust’s stock after buying an additional 1,554 shares during the quarter. Bank of Montreal Can’s holdings in Saul Centers were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFS. AXA raised its holdings in Saul Centers by 31.6% in the 3rd quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock valued at $16,464,000 after acquiring an additional 63,867 shares in the last quarter. Northern Trust Corp raised its holdings in Saul Centers by 5.8% in the 2nd quarter. Northern Trust Corp now owns 209,363 shares of the real estate investment trust’s stock valued at $12,139,000 after acquiring an additional 11,456 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Saul Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,117 shares of the real estate investment trust’s stock valued at $11,024,000 after acquiring an additional 8,385 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Saul Centers by 17.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 46,972 shares of the real estate investment trust’s stock valued at $2,723,000 after acquiring an additional 7,130 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Saul Centers by 2.1% in the 3rd quarter. Wells Fargo & Company MN now owns 224,013 shares of the real estate investment trust’s stock valued at $13,868,000 after acquiring an additional 4,639 shares in the last quarter. 45.34% of the stock is owned by hedge funds and other institutional investors.

Saul Centers Inc (NYSE BFS) opened at $51.45 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers Inc has a fifty-two week low of $48.17 and a fifty-two week high of $66.14. The company has a market capitalization of $1,130.00, a price-to-earnings ratio of 31.56, a PEG ratio of 3.09 and a beta of 0.60.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, January 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s payout ratio is 127.61%.

In other news, insider James Page Lansdale sold 7,600 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $62.51, for a total transaction of $475,076.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 20,999 shares of company stock valued at $1,329,716 in the last three months. 48.80% of the stock is owned by insiders.

Several brokerages have weighed in on BFS. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a report on Monday, December 4th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.

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

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