Swiss National Bank grew its position in shares of Saul Centers Inc (NYSE:BFS) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,183 shares of the real estate investment trust’s stock after purchasing an additional 2,000 shares during the quarter. Swiss National Bank’s holdings in Saul Centers were worth $1,432,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Saul Centers by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 1,660 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Saul Centers by 2.1% in the third quarter. Wells Fargo & Company MN now owns 224,013 shares of the real estate investment trust’s stock worth $13,868,000 after acquiring an additional 4,639 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Saul Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 190,117 shares of the real estate investment trust’s stock worth $11,024,000 after acquiring an additional 8,385 shares during the period. Bank of Montreal Can lifted its stake in shares of Saul Centers by 10.1% in the fourth quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock worth $1,046,000 after acquiring an additional 1,554 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Saul Centers by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 106,671 shares of the real estate investment trust’s stock worth $6,666,000 after acquiring an additional 2,625 shares during the period. 46.40% of the stock is currently owned by hedge funds and other institutional investors.
In other Saul Centers news, insider James Page Lansdale sold 7,600 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $62.51, for a total value of $475,076.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 48.80% of the stock is currently owned by insiders.
Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). Saul Centers had a return on equity of 23.40% and a net margin of 21.23%. The company had revenue of $56.68 million during the quarter, compared to analyst estimates of $55.50 million. analysts predict that Saul Centers Inc will post 3.25 EPS for the current year.
A number of research firms recently commented on BFS. DA Davidson set a $55.00 price objective on Saul Centers and gave the stock a “hold” rating in a research note on Monday, March 5th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.00.
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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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