Saul Centers Inc. (BFS) Hits New 1-Year High at $65.10
Saul Centers Inc. (NYSE:BFS) shares hit a new 52-week high on Tuesday . The stock traded as high as $65.10 and last traded at $64.80, with a volume of 27,992 shares. The stock had previously closed at $64.69.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Saul Centers from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, March 16th. TheStreet upgraded 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 $58.94 and its 200-day moving average is $53.52. The stock has a market cap of $1.37 billion and a PE ratio of 42.14.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, July 13th.
In related news, VP Steven N. Corey sold 4,052 shares of Saul Centers stock in a transaction on Friday, July 1st. The shares were sold at an average price of $61.28, for a total transaction of $248,306.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John F. Collich sold 2,839 shares of Saul Centers stock in a transaction on Monday, May 16th. The stock was sold at an average price of $56.37, for a total transaction of $160,034.43. Following the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $56,370. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. 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 period. 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 period. 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 period. Finally, 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 period.
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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