Saul Centers, Inc. (BFS) Insider Sells $63,470.00 in Stock
Saul Centers, Inc. (NYSE:BFS) insider Christopher Netter sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $63.47, for a total value of $63,470.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Saul Centers, Inc. (BFS) opened at 63.24 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 40.00 and a beta of 0.72. Saul Centers, Inc. has a one year low of $55.86 and a one year high of $68.33. The firm’s 50-day moving average price is $61.34 and its 200-day moving average price is $60.33.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, October 16th. This represents a $2.04 annualized dividend and a yield of 3.23%. Saul Centers’s payout ratio is 129.11%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. raised its stake in 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 valued at $1,268,000 after purchasing an additional 58 shares during the period. Arizona State Retirement System raised its stake in Saul Centers by 1.6% during 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 purchasing an additional 100 shares during the period. Texas Permanent School Fund raised its stake in Saul Centers by 1.3% during 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 purchasing an additional 110 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Saul Centers by 4.9% during 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 purchasing an additional 130 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Saul Centers by 2.2% during 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 purchasing an additional 160 shares during the period. 45.16% of the stock is currently owned by institutional investors.
BFS has been the subject of several research analyst reports. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th.
Saul Centers Company Profile
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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