Saul Centers Inc. (NYSE:BFS) declared a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 14th will be given a dividend of 0.47 per share on Friday, October 28th. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, October 12th.
Saul Centers (NYSE:BFS) opened at 67.79 on Monday. The firm’s 50-day moving average is $65.87 and its 200-day moving average is $59.45. Saul Centers has a 52-week low of $46.46 and a 52-week high of $68.75. The firm has a market capitalization of $1.45 billion, a P/E ratio of 43.74 and a beta of 0.66.
Saul Centers (NYSE:BFS) last posted its 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. Saul Centers had a return on equity of 25.74% and a net margin of 21.14%. The firm had revenue of $52.70 million for the quarter, compared to analyst estimates of $52.20 million. On average, equities analysts expect that Saul Centers will post $3.08 earnings per share for the current year.
In related news, insider Scott V. Schneider sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $66.09, for a total value of $330,450.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at $198,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott V. Schneider sold 2,940 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $60.10, for a total value of $176,694.00. Following the completion of the transaction, the chief financial officer now owns 3,000 shares in the company, valued at approximately $180,300. The disclosure for this sale can be found here. 50.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Saul Centers by 0.5% in the second quarter. State Street Corp now owns 379,342 shares of the company’s stock worth $23,414,000 after buying an additional 2,007 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Saul Centers by 4.5% in the second quarter. Thrivent Financial for Lutherans now owns 8,338 shares of the company’s stock worth $515,000 after buying an additional 360 shares in the last quarter. Teachers Advisors Inc. boosted its position in Saul Centers by 1.5% in the second quarter. Teachers Advisors Inc. now owns 141,603 shares of the company’s stock worth $8,738,000 after buying an additional 2,078 shares in the last quarter. TFS Capital LLC acquired a new position in Saul Centers during the second quarter worth about $1,221,000. Finally, AXA boosted its position in Saul Centers by 198.6% in the second quarter. AXA now owns 100,730 shares of the company’s stock worth $6,216,000 after buying an additional 67,000 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.
BFS has been the subject of a number of research reports. Zacks Investment Research downgraded Saul Centers from a “buy” rating to a “hold” rating in a 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.
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.
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