Saul Centers Inc (NYSE:BFS) Position Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its holdings in shares of Saul Centers Inc (NYSE:BFS) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 201,338 shares of the real estate investment trust’s stock after buying an additional 2,432 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Saul Centers were worth $9,507,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. bought a new stake in shares of Saul Centers in the fourth quarter valued at $71,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Saul Centers in the fourth quarter valued at $162,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Saul Centers in the fourth quarter valued at $207,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Saul Centers by 203.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,466 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 2,993 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of Saul Centers by 4.5% in the fourth quarter. Texas Permanent School Fund now owns 7,542 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.
In other news, Director Mark Sullivan III sold 2,500 shares of Saul Centers stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO B Francis Saul II purchased 750 shares of Saul Centers stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $53.77 per share, with a total value of $40,327.50. Following the completion of the transaction, the chief executive officer now owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The disclosure for this purchase can be found here. 48.50% of the stock is currently owned by insiders.
Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.35). The company had revenue of $59.75 million during the quarter, compared to analysts’ expectations of $58.21 million. Saul Centers had a net margin of 22.23% and a return on equity of 21.45%. As a group, equities research analysts predict that Saul Centers Inc will post 3.3 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.
Saul Centers Company Profile
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) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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