Saul Centers Inc. (NYSE:BFS) VP Joel Albert Friedman sold 1,142 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $67.00, for a total value of $76,514.00. Following the sale, the vice president now owns 1,242 shares of the company’s stock, valued at $83,214. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Saul Centers Inc. (NYSE:BFS) opened at 63.07 on Thursday. Saul Centers Inc. has a one year low of $46.46 and a one year high of $68.75. The stock has a market capitalization of $1.35 billion, a PE ratio of 40.69 and a beta of 0.65. The firm has a 50-day moving average price of $65.81 and a 200 day moving average price of $60.30.
Saul Centers (NYSE:BFS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.03. The firm 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, equities analysts expect that Saul Centers Inc. will post $3.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.98%. The ex-dividend date is Wednesday, October 12th. Saul Centers’s payout ratio is 121.29%.
BFS has been the subject of several research reports. Zacks Investment Research cut Saul Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. TheStreet cut Saul Centers from a “buy” rating to a “hold” rating in a research report on Monday, September 12th.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Saul Centers by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,984,864 shares of the company’s stock valued at $122,485,000 after buying an additional 78,753 shares during the last quarter. Principal Financial Group Inc. increased its position in Saul Centers by 1.0% in the second quarter. Principal Financial Group Inc. now owns 1,139,312 shares of the company’s stock valued at $70,307,000 after buying an additional 11,027 shares during the last quarter. BlackRock Fund Advisors increased its position in Saul Centers by 2.2% in the second quarter. BlackRock Fund Advisors now owns 688,614 shares of the company’s stock valued at $42,494,000 after buying an additional 14,726 shares during the last quarter. State Street Corp increased its position in Saul Centers by 0.5% in the second quarter. State Street Corp now owns 379,342 shares of the company’s stock valued at $23,414,000 after buying an additional 2,007 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Saul Centers by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 172,964 shares of the company’s stock valued at $10,673,000 after buying an additional 2,588 shares during the last quarter. 45.14% of the stock is owned by institutional investors.
About Saul Centers
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.
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