Saul Centers Inc. (BFS) Sets New 1-Year High at $62.38
Saul Centers Inc. (NYSE:BFS) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.38 and last traded at $62.13, with a volume of 15,251 shares changing hands. The stock had previously closed at $62.11.
A number of analysts have recently weighed in on BFS shares. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded Saul Centers from a “hold” rating to a “buy” rating in a research note on Monday, May 9th.
The firm’s 50 day moving average price is $57.91 and its 200 day moving average price is $53.17. The firm has a market capitalization of $1.31 billion and a P/E ratio of 40.41.
The company 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, July 13th.
In other Saul Centers news, CFO Scott V. Schneider sold 5,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $57.58, for a total value of $287,900.00. Following the transaction, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at approximately $172,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott V. Schneider sold 2,940 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $60.10, for a total value of $176,694.00. Following the completion of the transaction, the chief financial officer now directly owns 3,000 shares in the company, valued at $180,300. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of the stock. Morgan Stanley raised 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 in 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 worth $2,267,000 after buying an additional 600 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 worth $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.