O Shaughnessy Asset Management LLC Sells 461 Shares of Saul Centers, Inc. (NYSE:BFS)

Posted by Defense World Staff on Jun 1st, 2023

O Shaughnessy Asset Management LLC trimmed its position in shares of Saul Centers, Inc. (NYSE:BFS – Get Rating) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,234 shares of the real estate investment trust’s stock after selling 461 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Saul Centers were worth $376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFS. Yousif Capital Management LLC boosted its holdings in Saul Centers by 2.2% during the first quarter. Yousif Capital Management LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 264 shares in the last quarter. Inspire Investing LLC boosted its holdings in Saul Centers by 5.3% during the fourth quarter. Inspire Investing LLC now owns 5,832 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 296 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Saul Centers by 16.3% during the third quarter. Mutual of America Capital Management LLC now owns 2,566 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 359 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Saul Centers by 2.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,182 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 409 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Saul Centers by 2.5% during the third quarter. Great West Life Assurance Co. Can now owns 16,927 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 417 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Insider Transactions at Saul Centers

In other Saul Centers news, COO David Todd Pearson bought 3,500 shares of Saul Centers stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $33.00 per share, with a total value of $115,500.00. Following the acquisition, the chief operating officer now directly owns 3,530 shares of the company’s stock, valued at $116,490. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO B Francis Saul II acquired 10,000 shares of Saul Centers stock in a transaction on Thursday, March 23rd. The shares were purchased at an average price of $36.35 per share, with a total value of $363,500.00. Following the acquisition, the chief executive officer now owns 101,501 shares in the company, valued at $3,689,561.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO David Todd Pearson acquired 3,500 shares of Saul Centers stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $115,500.00. Following the acquisition, the chief operating officer now owns 3,530 shares in the company, valued at approximately $116,490. The disclosure for this purchase can be found here. Insiders have acquired 19,495 shares of company stock valued at $679,937 in the last three months. 50.50% of the stock is owned by corporate insiders.

Saul Centers Stock Down 0.6 %

Shares of BFS opened at $33.81 on Thursday. The company has a market capitalization of $809.07 million, a P/E ratio of 20.62 and a beta of 1.16. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 1.15. Saul Centers, Inc. has a one year low of $32.13 and a one year high of $52.94. The business’s 50 day simple moving average is $35.92 and its 200-day simple moving average is $39.14.

Saul Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 17th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend was Friday, April 14th. Saul Centers’s payout ratio is currently 143.90%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BFS. StockNews.com downgraded Saul Centers from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. B. Riley reduced their target price on Saul Centers from $47.00 to $42.00 in a report on Thursday, March 9th.

Saul Centers Profile

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Saul Centers, Inc is a real estate investment trust, which engages in the ownership, management, and development of income producing properties. It operates through the following segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighbourhood shopping centers which are anchored by supermarkets, discount department stores, and drug stores.