Saul Centers, Inc. (NYSE:BFS) VP Steven N. Corey sold 11,250 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $63.26, for a total transaction of $711,675.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Saul Centers, Inc. (NYSE BFS) opened at 64.64 on Friday. Saul Centers, Inc. has a 12 month low of $55.86 and a 12 month high of $68.33. The stock’s 50 day moving average is $61.94 and its 200 day moving average is $60.40. The firm has a market cap of $1.41 billion, a PE ratio of 40.89 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, October 16th. Saul Centers’s payout ratio is currently 129.11%.
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BFS has been the subject of several research analyst reports. BidaskClub lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th.
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Saul Centers by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,031 shares during the period. Mason Street Advisors LLC boosted its holdings in Saul Centers by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 180 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Saul Centers by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 130 shares during the period. QS Investors LLC boosted its holdings in Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 2,800 shares during the period. Finally, Karp Capital Management Corp purchased a new position in Saul Centers in the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 45.16% of the company’s stock.
About Saul Centers
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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