Saul Centers Inc. (BFS) Reaches New 52-Week High at $67.62
Saul Centers Inc. (NYSE:BFS) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.62 and last traded at $67.18, with a volume of 17,561 shares. The stock had previously closed at $66.85.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet upgraded shares of Saul Centers from a “hold” rating to a “buy” rating in a research report on Monday, May 9th.
The firm has a 50 day moving average of $61.56 and a 200 day moving average of $54.61. The company has a market capitalization of $1.42 billion and a price-to-earnings ratio of 43.62.
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 issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, July 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.80%.
In other news, CFO Scott V. Schneider sold 5,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $57.58, for a total transaction of $287,900.00. Following the transaction, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $172,740. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott V. Schneider sold 2,500 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $58.10, for a total transaction of $145,250.00. Following the transaction, 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.
Other hedge funds have bought and sold shares of the company. 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 worth $2,267,000 after buying an additional 600 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 worth $1,190,000 after buying an additional 16,403 shares during the period. Finally, 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 worth $8,618,000 after buying an additional 1,325 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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