November 25, 2016 - By Richard Conner · 0 Comments
The stock of Saul Centers Incorporated (NYSE:BFS) registered an increase of 16.12% in short interest. BFS’s total short interest was 128,200 shares in November as published by FINRA. Its up 16.12% from 110,400 shares, reported previously. With 30,000 shares average volume, it will take short sellers 4 days to cover their BFS’s short positions. The short interest to Saul Centers Incorporated’s float is 1.08%. The stock increased 0.25% or $0.16 on November 25, hitting $64.26. About 14,303 shares traded hands. Saul Centers Inc (NYSE:BFS) has risen 22.42% since April 22, 2016 and is uptrending. It has outperformed by 17.01% the S&P500.
Saul Centers, Inc. operates as a real estate investment trust (REIT). The company has a market cap of $1.39 billion. The Company’s principal business activity is the ownership, management and development of income-producing properties. It has a 42.2 P/E ratio. It operates in two divisions: Shopping Centers and Mixed-Use Properties.
Insitutional Activity: The institutional sentiment decreased to 1.79 in 2016 Q2. Its down 0.04, from 1.83 in 2016Q1. The ratio turned negative, as 5 funds sold all Saul Centers Inc shares owned while 30 reduced positions. 15 funds bought stakes while 49 increased positions. They now own 9.60 million shares or 2.53% more from 9.36 million shares in 2016Q1.
Moreover, Axa has 0.03% invested in Saul Centers Inc (NYSE:BFS) for 100,730 shares. Lazard Asset Ltd Liability Corp holds 300 shares or 0% of its portfolio. Chevy Chase Tru Holdg Incorporated last reported 16,875 shares in the company. Great West Life Assurance Communications Can holds 0% or 944 shares in its portfolio. Bancorp Of America Corporation De, a North Carolina-based fund reported 25,643 shares. Jpmorgan Chase last reported 93,848 shares in the company. Pinebridge Invests Lp last reported 1,444 shares in the company. Blackrock Ltd Liability has 0% invested in the company for 5,420 shares. Commercial Bank Of Montreal Can has 0% invested in the company for 20,977 shares. Blackrock Gp Ltd has invested 0% of its portfolio in Saul Centers Inc (NYSE:BFS). Arizona State Retirement Systems accumulated 5,906 shares or 0.01% of the stock. Millennium Mngmt Lc owns 51,822 shares or 0.01% of their US portfolio. Manufacturers Life Insur Communications The holds 0% of its portfolio in Saul Centers Inc (NYSE:BFS) for 6,671 shares. Menta Cap owns 7,643 shares or 0.06% of their US portfolio. Martingale Asset Mngmt L P reported 9,310 shares or 0.01% of all its holdings.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 21 insider sales for $6.90 million net activity. Shares for $761,257 were sold by COLLICH JOHN F on Tuesday, July 5. On Tuesday, June 7 the insider SCHNEIDER SCOTT V sold $145,250. Another trade for 4,000 shares valued at $228,000 was made by SHERREN CHARLES W JR on Friday, May 27. $265,118 worth of Saul Centers Inc (NYSE:BFS) was sold by NETTER CHRISTOPHER. The insider Hachey Donald A sold 2,500 shares worth $144,500. On Friday, July 1 Corey Steven N. sold $248,307 worth of the stock or 4,052 shares. $76,514 worth of Saul Centers Inc (NYSE:BFS) was sold by Friedman Joel Albert.
Out of 2 analysts covering Saul Centers (NYSE:BFS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Saul Centers has been the topic of 3 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Friday, September 4 to “Hold”. On Wednesday, August 19 the stock rating was upgraded by Zacks to “Hold”.
Saul Centers, Inc. (Saul Centers), incorporated on June 10, 1993, operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. The Firm operates in two divisions: Shopping Centers and Mixed-Use Properties. The Firm conducts its business through Saul Holdings Limited Partnership (the Operating Partnership) and/or directly or indirectly owned subsidiaries. The Company, which conducts all of its activities through its subsidiaries, the 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, located in the Washington, District of Columbia (DC)/Baltimore metropolitan area.
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By Richard Conner