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, TheStreet cut Saul Centers from a buy rating to a hold rating in a research report on Monday, September 12th.
Saul Centers (NYSE:BFS) opened at 67.33 on Friday. The stock’s 50 day moving average price is $65.95 and its 200-day moving average price is $59.84. The company has a market cap of $1.44 billion, a PE ratio of 43.44 and a beta of 0.66. Saul Centers has a 1-year low of $46.46 and a 1-year high of $68.75.
Saul Centers (NYSE:BFS) last posted its earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The business had revenue of $52.70 million for the quarter, compared to analyst estimates of $52.20 million. On average, analysts forecast that Saul Centers will post $3.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, October 12th. Saul Centers’s payout ratio is 121.29%.
In related news, VP Steven N. Corey sold 4,052 shares of Saul Centers stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $61.28, for a total value of $248,306.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John F. Collich sold 12,332 shares of Saul Centers stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $61.73, for a total value of $761,254.36. Following the completion of the sale, the vice president now owns 1,000 shares in the company, valued at $61,730. The disclosure for this sale can be found here. 50.80% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in Saul Centers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock valued at $110,000 after buying an additional 218 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Saul Centers during the second quarter valued at about $137,000. Advisors Asset Management Inc. boosted its stake in Saul Centers by 67.2% in the second quarter. Advisors Asset Management Inc. now owns 2,534 shares of the company’s stock valued at $156,000 after buying an additional 1,018 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Saul Centers during the second quarter valued at about $213,000. Institutional investors own 45.14% of the company’s stock.
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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