Saul Centers Inc. (NYSE:BFS) gapped up prior to trading on Friday . The stock had previously closed at $61.59, but opened at $61.92. Saul Centers shares last traded at $63.77, with a volume of 15,301 shares trading hands.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet upgraded Saul Centers from a “hold” rating to a “buy” rating in a research note on Monday, May 9th.

The stock’s 50-day moving average price is $58.39 and its 200 day moving average price is $53.32. The firm has a market capitalization of $1.34 billion and a PE ratio of 41.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a $0.47 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.95%.

In related news, VP Steven N. Corey sold 21,250 shares of Saul Centers stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $56.59, for a total transaction of $1,202,537.50. Following the sale, the vice president now directly owns 3,750 shares in the company, valued at $212,212.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott V. Schneider sold 2,500 shares of Saul Centers stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $58.10, for a total value of $145,250.00. Following the sale, the chief financial officer now owns 3,000 shares in the company, valued at $174,300. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Saul Centers by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,076 shares of the company’s stock valued at $8,618,000 after buying an additional 1,325 shares in the last quarter. Bank of Montreal Can raised its stake in Saul Centers by 240.6% in the fourth quarter. Bank of Montreal Can now owns 23,221 shares of the company’s stock valued at $1,190,000 after buying an additional 16,403 shares in the last quarter. Morgan Stanley raised its stake in Saul Centers by 111.2% in the fourth quarter. Morgan Stanley now owns 38,136 shares of the company’s stock valued at $1,956,000 after buying an additional 20,076 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Saul Centers by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 44,219 shares of the company’s stock valued at $2,267,000 after buying an additional 600 shares in the last quarter.

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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