Zacks Investment Research cut shares of Saul Centers, Inc. (NYSE:BFS) from a hold rating to a sell rating in a research note issued to investors on Tuesday, July 11th.
According to Zacks, “SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. “
Separately, BidaskClub lowered Saul Centers from a hold rating to a sell rating in a report on Wednesday, June 21st.
Shares of Saul Centers (BFS) opened at 60.03 on Tuesday. The firm has a 50 day moving average price of $58.84 and a 200-day moving average price of $61.57. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 38.68 and a beta of 0.73. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.75.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $2.04 annualized dividend and a dividend yield of 3.40%. Saul Centers’s dividend payout ratio is presently 131.61%.
In related news, insider Scott V. Schneider sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $60.12, for a total value of $300,600.00. Following the completion of the transaction, the insider now owns 4,500 shares in the company, valued at approximately $270,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 15,000 shares of company stock valued at $885,800. Company insiders own 48.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of BFS. Wendell David Associates Inc. raised its position in shares of Saul Centers by 6.2% in the first quarter. Wendell David Associates Inc. now owns 15,130 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 880 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 100 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Saul Centers by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 17,675 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 500 shares during the period. Teachers Advisors LLC raised its position in shares of Saul Centers by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 144,277 shares of the real estate investment trust’s stock worth $9,610,000 after buying an additional 374 shares during the period. Finally, Norges Bank purchased a new position in shares of Saul Centers during the fourth quarter worth about $10,242,000. Institutional investors own 46.55% of the company’s stock.
Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (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 in the Washington, District of Columbia/Baltimore metropolitan area.
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