Saul Centers Inc. (BFS) Reaches New 1-Year High at $66.91
Shares of Saul Centers Inc. (NYSE:BFS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.91 and last traded at $66.21, with a volume of 13,358 shares. The stock had previously closed at $66.29.
A number of analysts recently issued reports on BFS shares. TheStreet raised shares of Saul Centers from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Zacks Investment Research downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
The company has a market cap of $1.40 billion and a price-to-earnings ratio of 43.03. The stock’s 50-day moving average is $60.03 and its 200-day moving average is $53.92.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%.
In other news, VP John F. Collich sold 2,839 shares of Saul Centers stock in a transaction on Monday, May 16th. The shares were sold at an average price of $56.37, for a total value of $160,034.43. Following the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $56,370. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven N. Corey sold 21,250 shares of Saul Centers stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $56.59, for a total transaction of $1,202,537.50. Following the completion of the transaction, the vice president now directly owns 3,750 shares in the company, valued at $212,212.50. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in BFS. Dimensional Fund Advisors LP boosted its position in shares of Saul Centers by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,076 shares of the company’s stock worth $8,618,000 after buying an additional 1,325 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Saul Centers by 240.6% in the fourth quarter. Bank of Montreal Can now owns 23,221 shares of the company’s stock worth $1,190,000 after buying an additional 16,403 shares during the last quarter. Morgan Stanley boosted its position in shares of Saul Centers by 111.2% in the fourth quarter. Morgan Stanley now owns 38,136 shares of the company’s stock worth $1,956,000 after buying an additional 20,076 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Saul Centers by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 44,219 shares of the company’s stock worth $2,267,000 after buying an additional 600 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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