Saul Centers, Inc. (NYSE:BFS) insider Scott V. Schneider sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $60.12, for a total transaction of $300,600.00. Following the completion of the sale, the insider now owns 4,500 shares of the company’s stock, valued at approximately $270,540. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Saul Centers, Inc. (NYSE:BFS) traded down 0.55% during midday trading on Friday, reaching $59.58. 102,599 shares of the company’s stock traded hands. The stock has a 50-day moving average of $58.71 and a 200 day moving average of $62.69. Saul Centers, Inc. has a 52-week low of $55.86 and a 52-week high of $68.75. The company has a market cap of $1.28 billion, a P/E ratio of 38.39 and a beta of 0.75.
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Separately, BidaskClub upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Saul Centers by 8,480.0% in the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock worth $104,953,000 after buying an additional 1,683,373 shares during the period. Norges Bank bought a new position in Saul Centers during the fourth quarter worth approximately $10,242,000. AXA boosted its position in Saul Centers by 48.7% in the first quarter. AXA now owns 187,009 shares of the real estate investment trust’s stock worth $11,523,000 after buying an additional 61,256 shares during the period. Vanguard Group Inc. boosted its position in Saul Centers by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock worth $128,122,000 after buying an additional 46,999 shares during the period. Finally, State Street Corp boosted its position in Saul Centers by 8.7% in the first quarter. State Street Corp now owns 459,435 shares of the real estate investment trust’s stock worth $28,306,000 after buying an additional 36,848 shares during the period. 46.56% of the stock is owned by hedge funds and other institutional investors.
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.
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