Westpac Banking Corp grew its stake in Saul Centers, Inc. (NYSE:BFS – Free Report) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,312 shares of the real estate investment trust’s stock after buying an additional 3,328 shares during the period. Westpac Banking Corp owned 0.12% of Saul Centers worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in shares of Saul Centers by 15.5% in the first quarter. Daiwa Securities Group Inc. now owns 3,883 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 521 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Saul Centers by 28.1% in the first quarter. Texas Permanent School Fund Corp now owns 11,115 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 2,440 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Saul Centers by 83.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 846 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 384 shares during the period. SG Americas Securities LLC acquired a new stake in Saul Centers during the first quarter worth approximately $258,000. Finally, Asset Management One Co. Ltd. grew its stake in Saul Centers by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,445 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 1,263 shares during the period. Institutional investors and hedge funds own 45.33% of the company’s stock.
Insiders Place Their Bets
In other news, COO David Todd Pearson purchased 3,500 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average price of $33.00 per share, for a total transaction of $115,500.00. Following the completion of the acquisition, the chief operating officer now owns 3,530 shares in the company, valued at $116,490. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO David Todd Pearson purchased 3,500 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average price of $33.00 per share, for a total transaction of $115,500.00. Following the completion of the acquisition, the chief operating officer now owns 3,530 shares in the company, valued at $116,490. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO B Francis Saul II bought 5,145 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average price of $33.29 per share, for a total transaction of $171,277.05. Following the acquisition, the chief executive officer now directly owns 118,361 shares of the company’s stock, valued at $3,940,237.69. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 9,495 shares of company stock worth $316,437. Corporate insiders own 50.50% of the company’s stock.
Saul Centers Trading Down 0.8 %
Saul Centers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $2.36 annualized dividend and a yield of 6.19%. Saul Centers’s payout ratio is currently 143.90%.
Analyst Ratings Changes
Separately, StockNews.com cut Saul Centers from a “buy” rating to a “hold” rating in a research note on Monday.
View Our Latest Analysis on Saul Centers
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 61 properties, which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.
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