Brown Advisory Inc. cut its holdings in shares of Saul Centers Inc (NYSE:BFS) by 10.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 72,389 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. Brown Advisory Inc.’s holdings in Saul Centers were worth $3,879,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Millennium Management LLC increased its position in shares of Saul Centers by 92.5% during the first quarter. Millennium Management LLC now owns 72,945 shares of the real estate investment trust’s stock worth $3,718,000 after acquiring an additional 35,060 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Saul Centers during the second quarter worth about $151,000. Employees Retirement System of Texas increased its position in shares of Saul Centers by 20.5% during the first quarter. Employees Retirement System of Texas now owns 53,000 shares of the real estate investment trust’s stock worth $2,701,000 after acquiring an additional 9,000 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Saul Centers during the second quarter worth about $799,000. Finally, Teachers Insurance & Annuity Association of America increased its position in shares of Saul Centers by 16.1% during the second quarter. Teachers Insurance & Annuity Association of America now owns 15,597 shares of the real estate investment trust’s stock worth $836,000 after acquiring an additional 2,160 shares in the last quarter. 45.31% of the stock is owned by institutional investors.
In related news, insider Scott V. Schneider sold 1,433 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $59.67, for a total transaction of $85,507.11. Following the transaction, the insider now directly owns 9,398 shares in the company, valued at $560,778.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip D. Caraci sold 1,100 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $58.00, for a total transaction of $63,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,583 shares of company stock worth $1,025,179. 49.60% of the stock is owned by corporate insiders.
BFS has been the subject of several recent research reports. ValuEngine raised shares of Saul Centers from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, B. Riley boosted their price target on shares of Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $56.50.
Saul Centers stock opened at $59.65 on Thursday. Saul Centers Inc has a fifty-two week low of $46.71 and a fifty-two week high of $65.43. The stock has a market cap of $1.35 billion, a P/E ratio of 18.77, a PEG ratio of 3.89 and a beta of 0.68. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.96 and a current ratio of 1.96.
About Saul Centers
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 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.
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