Wendell David Associates Inc. Increases Position in Saul Centers Inc (BFS)

Wendell David Associates Inc. raised its position in shares of Saul Centers Inc (NYSE:BFS) by 6.2% during the first quarter, Holdings Channel reports. The firm owned 15,130 shares of the real estate investment trust’s stock after buying an additional 880 shares during the period. Wendell David Associates Inc. owned approximately 0.07% of Saul Centers worth $932,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 100 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Saul Centers by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 17,675 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 500 shares during the period. Teachers Advisors LLC raised its stake in shares of Saul Centers by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 144,277 shares of the real estate investment trust’s stock worth $9,610,000 after buying an additional 374 shares during the period. Norges Bank acquired a new stake in shares of Saul Centers during the fourth quarter worth $10,242,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Saul Centers by 2.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,948 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 210 shares during the period. Institutional investors own 45.63% of the company’s stock.

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

Saul Centers Inc (NYSE:BFS) traded up 0.06% during trading on Thursday, hitting $64.42. The stock had a trading volume of 36,161 shares. The company has a 50-day moving average of $62.58 and a 200 day moving average of $63.70. Saul Centers Inc has a 52 week low of $50.77 and a 52 week high of $68.75. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 42.38 and a beta of 0.72.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $2.04 annualized dividend and a yield of 3.17%. Saul Centers’s payout ratio is currently 134.21%.

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Separately, Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, January 2nd.

In other news, Director Patrick F. Noonan sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $61.42, for a total value of $153,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott V. Schneider sold 5,560 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $62.26, for a total value of $346,165.60. Following the completion of the transaction, the insider now owns 4,500 shares in the company, valued at approximately $280,170. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,560 shares of company stock worth $657,016. Corporate insiders own 50.80% of the company’s stock.

About Saul Centers

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.

5 Day Chart for NYSE:BFS

Want to see what other hedge funds are holding BFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saul Centers Inc (NYSE:BFS).

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