Nisa Investment Advisors LLC Has $306,000 Stake in Saul Centers, Inc. (NYSE:BFS)

Nisa Investment Advisors LLC reduced its position in Saul Centers, Inc. (NYSE:BFS) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,797 shares of the real estate investment trust’s stock after selling 889 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Saul Centers were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Saul Centers by 0.4% in the third quarter. Vanguard Group Inc. now owns 2,173,348 shares of the real estate investment trust’s stock valued at $81,500,000 after acquiring an additional 9,394 shares during the last quarter. BlackRock Inc. increased its stake in shares of Saul Centers by 4.2% in the 2nd quarter. BlackRock Inc. now owns 2,053,310 shares of the real estate investment trust’s stock valued at $75,623,000 after purchasing an additional 83,678 shares during the last quarter. State Street Corp raised its holdings in shares of Saul Centers by 4.9% during the 1st quarter. State Street Corp now owns 503,450 shares of the real estate investment trust’s stock worth $19,635,000 after buying an additional 23,669 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Saul Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 273,410 shares of the real estate investment trust’s stock worth $10,070,000 after buying an additional 3,718 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Saul Centers by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 233,574 shares of the real estate investment trust’s stock worth $11,004,000 after buying an additional 11,800 shares during the last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

Saul Centers Stock Up 0.9 %

Shares of BFS opened at $35.45 on Friday. The stock has a market capitalization of $850.09 million, a price-to-earnings ratio of 20.49 and a beta of 1.08. Saul Centers, Inc. has a 52 week low of $32.13 and a 52 week high of $41.04. The company has a debt-to-equity ratio of 4.34, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average of $37.17 and a 200-day moving average of $37.30.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, April 12th. Saul Centers’s payout ratio is 136.42%.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Saul Centers in a research report on Thursday, April 11th. They issued a “buy” rating and a $43.50 target price on the stock.

Insider Transactions at Saul Centers

In related news, Director James Page Lansdale sold 5,502 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $37.89, for a total value of $208,470.78. Following the completion of the transaction, the director now owns 1,298 shares in the company, valued at approximately $49,181.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO David Todd Pearson bought 2,300 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $36.52 per share, with a total value of $83,996.00. Following the acquisition, the chief operating officer now owns 6,204 shares of the company’s stock, valued at $226,570.08. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James Page Lansdale sold 5,502 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.89, for a total value of $208,470.78. Following the completion of the sale, the director now directly owns 1,298 shares of the company’s stock, valued at approximately $49,181.22. The disclosure for this sale can be found here. Company insiders own 56.57% of the company’s stock.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.