Saul Centers Inc. (BFS) Reaches New 1-Year High at $66.91
Saul Centers Inc. (NYSE:BFS) shares hit a new 52-week high during trading on Monday . The company traded as high as $66.91 and last traded at $66.21, with a volume of 13,358 shares trading hands. The stock had previously closed at $66.29.
A number of research analysts have commented on BFS shares. TheStreet upgraded Saul Centers from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Zacks Investment Research downgraded Saul Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th.
The company has a market capitalization of $1.40 billion and a P/E ratio of 43.231. The stock has a 50 day moving average of $60.20 and a 200-day moving average of $54.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, July 13th.
In other news, VP Charles W. Sherren, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $57.00, for a total value of $228,000.00. Following the completion of the transaction, the vice president now owns 8,894 shares in the company, valued at approximately $506,958. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven N. Corey sold 21,250 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $56.59, for a total value of $1,202,537.50. Following the completion of the transaction, the vice president now owns 3,750 shares of the company’s stock, valued at approximately $212,212.50. The disclosure for this sale can be found here.
Several institutional investors recently made changes to their positions in BFS. 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 valued at $1,190,000 after buying an additional 16,403 shares during the last quarter. Morgan Stanley boosted its position in 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. California Public Employees Retirement System boosted its position 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, Dimensional Fund Advisors LP boosted its position 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 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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