Saul Centers Inc. (BFS) Shares Gap Up to $65.60
Saul Centers Inc. (NYSE:BFS) shares gapped up before the market opened 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 trading hands.
A number of brokerages have recently commented on BFS. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet raised Saul Centers from a “hold” rating to a “buy” rating in a research note on Monday, May 9th.
The stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 41.94. The firm’s 50-day moving average is $66.00 and its 200 day moving average is $57.20.
Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The firm earned $52.70 million during the quarter, compared to the consensus estimate of $52.20 million. Equities analysts forecast that Saul Centers Inc. will post $3.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, July 13th.
In related news, CFO Scott V. Schneider sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $58.10, for a total value of $145,250.00. Following the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $174,300. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Steven N. Corey sold 2,438 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $66.75, for a total value of $162,736.50. Following the completion of the sale, the vice president now directly owns 2,438 shares in the company, valued at approximately $162,736.50. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Saul Centers stock. Bank of Montreal Can increased its stake in shares of Saul Centers Inc. (NYSE:BFS) by 240.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 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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