Saul Centers Inc. (BFS) Shares Gap Up to $65.60
Saul Centers Inc. (NYSE:BFS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $65.49, but opened at $65.60. Saul Centers shares last traded at $66.17, with a volume of 20,648 shares traded.
A number of brokerages recently issued reports on BFS. TheStreet upgraded Saul Centers from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Zacks Investment Research cut Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
The firm’s 50-day moving average price is $65.91 and its 200 day moving average price is $57.09. The firm has a market cap of $1.42 billion and a price-to-earnings ratio of 42.69.
Saul Centers (NYSE:BFS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.76 by $0.03. The firm earned $52.70 million during the quarter, compared to analyst estimates of $52.20 million. Analysts expect that Saul Centers Inc. will post $3.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Wednesday, July 13th.
In other Saul Centers news, Director Philip C. Jackson, Jr. sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $56.40, for a total transaction of $1,128,000.00. Following the transaction, the director now owns 48,600 shares of the company’s stock, valued at approximately $2,741,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Charles W. Sherren, Jr. sold 2,900 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $57.02, for a total value of $165,358.00. Following the transaction, the vice president now directly owns 4,901 shares in the company, valued at approximately $279,455.02. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Saul Centers stock. Bank of Montreal Can boosted its stake in Saul Centers Inc. (NYSE:BFS) by 240.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,221 shares of the company’s stock after buying an additional 16,403 shares during the period. Bank of Montreal Can owned approximately 0.11% of Saul Centers worth $1,190,000 at the end of the most recent 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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