Saul Centers Inc. (NYSE:BFS) insider Scott V. Schneider sold 5,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $66.09, for a total transaction of $330,450.00. Following the completion of the sale, the insider now owns 3,000 shares in the company, valued at approximately $198,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Saul Centers Inc. (NYSE:BFS) opened at 67.79 on Friday. Saul Centers Inc. has a 52-week low of $46.46 and a 52-week high of $68.75. The company’s 50-day moving average is $65.87 and its 200 day moving average is $59.45. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 43.74 and a beta of 0.66.
Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $52.70 million for the quarter, compared to analyst estimates of $52.20 million. Saul Centers had a return on equity of 25.74% and a net margin of 21.14%. On average, analysts expect that Saul Centers Inc. will post $3.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. Saul Centers’s payout ratio is 121.29%.
A number of analysts have recently weighed in on BFS shares. TheStreet lowered shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research lowered shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Saul Centers by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,748 shares of the company’s stock worth $231,000 after buying an additional 2,058 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Saul Centers by 3.4% in the first quarter. Royal Bank of Canada now owns 20,707 shares of the company’s stock worth $1,098,000 after buying an additional 674 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Saul Centers by 3.6% in the first quarter. Arizona State Retirement System now owns 5,806 shares of the company’s stock worth $308,000 after buying an additional 200 shares during the last quarter. Barclays PLC boosted its stake in shares of Saul Centers by 0.6% in the first quarter. Barclays PLC now owns 23,683 shares of the company’s stock worth $1,256,000 after buying an additional 140 shares during the last quarter. Finally, V3 Capital Management L.P. boosted its stake in shares of Saul Centers by 9.9% in the first quarter. V3 Capital Management L.P. now owns 103,511 shares of the company’s stock worth $5,488,000 after buying an additional 9,339 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
Receive News & Ratings for Saul Centers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.