Saul Centers Inc. (BFS) Insider Christopher Netter Sells 7,500 Shares
Saul Centers Inc. (NYSE:BFS) insider Christopher Netter sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $67.26, for a total transaction of $504,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Christopher Netter also recently made the following trade(s):
- On Wednesday, September 7th, Christopher Netter sold 5,539 shares of Saul Centers stock. The stock was sold at an average price of $68.53, for a total transaction of $379,587.67.
Saul Centers Inc. (NYSE:BFS) opened at 66.89 on Wednesday. Saul Centers Inc. has a one year low of $46.46 and a one year high of $68.75. The company has a market capitalization of $1.43 billion, a P/E ratio of 43.15 and a beta of 0.66. The company’s 50-day moving average is $65.93 and its 200 day moving average is $59.79.
Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Saul Centers had a return on equity of 25.74% and a net margin of 21.14%. The firm had revenue of $52.70 million for the quarter, compared to the consensus estimate of $52.20 million. Analysts predict that Saul Centers Inc. will post $3.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, October 12th. Saul Centers’s dividend payout ratio (DPR) is currently 121.29%.
A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Saul Centers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock valued at $110,000 after buying an additional 218 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares in the last quarter. Mason Street Advisors LLC bought a new position in Saul Centers during the second quarter valued at approximately $137,000. Advisors Asset Management Inc. increased its position in Saul Centers by 67.2% in the second quarter. Advisors Asset Management Inc. now owns 2,534 shares of the company’s stock valued at $156,000 after buying an additional 1,018 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Saul Centers during the second quarter valued at approximately $213,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.
BFS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, September 23rd. TheStreet downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Monday, September 12th.
Saul Centers Company Profile
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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