Donald A. Hachey Sells 4,606 Shares of Saul Centers, Inc. (BFS) Stock
Saul Centers, Inc. (NYSE:BFS) insider Donald A. Hachey sold 4,606 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $62.50, for a total value of $287,875.00. Following the transaction, the insider now directly owns 625 shares of the company’s stock, valued at approximately $39,062.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Saul Centers, Inc. (NYSE:BFS) traded up 0.71% during trading on Monday, reaching $62.35. 5,299 shares of the company were exchanged. The company has a 50 day moving average price of $60.45 and a 200-day moving average price of $60.30. Saul Centers, Inc. has a one year low of $55.86 and a one year high of $68.33. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 39.44 and a beta of 0.72.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, October 16th. Saul Centers’s payout ratio is presently 129.11%.
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Several analysts recently weighed in on BFS shares. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its holdings in shares of Saul Centers by 0.3% during the 2nd quarter. Prudential Financial Inc. now owns 21,878 shares of the real estate investment trust’s stock worth $1,268,000 after buying an additional 58 shares during the period. Arizona State Retirement System grew its stake in Saul Centers by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 6,206 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund grew its stake in Saul Centers by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 8,633 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 110 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Saul Centers by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 130 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Saul Centers by 2.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,403 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 160 shares during the period. Institutional investors own 45.16% of the company’s stock.
About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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