Shares of Saul Centers Inc. (NYSE:BFS) gapped up before the market opened 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 traded.

BFS has been the topic of several analyst reports. Zacks Investment Research raised shares of Saul Centers from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, March 16th. TheStreet upgraded shares of Saul Centers from a “hold” rating to a “buy” rating in a report on Monday, May 9th.

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

The business 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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, July 13th.

In related news, CFO Scott V. Schneider sold 2,500 shares of Saul Centers stock in a transaction 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 completion of the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $174,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Netter sold 9,986 shares of Saul Centers stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $56.50, for a total transaction of $564,209.00. Following the completion of the sale, the insider now directly owns 10,233 shares of the company’s stock, valued at approximately $578,164.50. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of BFS. Morgan Stanley increased 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 during the last quarter. California Public Employees Retirement System increased 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 during the last quarter. Dimensional Fund Advisors LP increased 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 during the last quarter. Finally, Bank of Montreal Can increased 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 during 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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