Scott V. Schneider Sells 7,000 Shares of Saul Centers Inc. (BFS) Stock
Saul Centers Inc. (NYSE:BFS) insider Scott V. Schneider sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $62.77, for a total value of $439,390.00. Following the sale, the insider now directly owns 3,000 shares of the company’s stock, valued at $188,310. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Saul Centers Inc. (NYSE:BFS) opened at 64.10 on Thursday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 42.17 and a beta of 0.71. Saul Centers Inc. has a 12-month low of $46.46 and a 12-month high of $68.75. The firm’s 50-day moving average price is $62.61 and its 200 day moving average price is $62.67.
The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were given a $0.47 dividend. The ex-dividend date was Wednesday, October 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. Saul Centers’s dividend payout ratio (DPR) is presently 123.69%.
A number of brokerages recently issued reports on BFS. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. DA Davidson started coverage on Saul Centers in a report on Friday, October 14th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, TheStreet downgraded Saul Centers from a “buy” rating to a “hold” rating in a report on Monday, September 12th.
Several large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in Saul Centers by 2.9% in the first quarter. Prudential Financial Inc. now owns 29,520 shares of the company’s stock worth $1,565,000 after buying an additional 830 shares during the period. Barclays PLC raised its stake in Saul Centers by 0.6% in the first quarter. Barclays PLC now owns 23,683 shares of the company’s stock worth $1,256,000 after buying an additional 140 shares during the period. BNP Paribas Arbitrage SA raised its stake in Saul Centers by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,748 shares of the company’s stock worth $231,000 after buying an additional 2,058 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Saul Centers by 1.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 16,875 shares of the company’s stock worth $1,042,000 after buying an additional 300 shares during the period. Finally, Capstone Asset Management Co. bought a new stake in Saul Centers during the second quarter worth about $262,000. Institutional investors and hedge funds own 45.85% of the company’s stock.
About Saul Centers
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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