Insider Selling: Saul Centers, Inc. (BFS) Director Sells $305,750.00 in Stock
Saul Centers, Inc. (NYSE:BFS) Director Patrick F. Noonan sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $61.15, for a total transaction of $305,750.00. 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 60.79 on Friday. Saul Centers, Inc. has a one year low of $55.86 and a one year high of $68.33. The company’s 50-day moving average is $60.45 and its 200-day moving average is $60.30. The stock has a market capitalization of $1.33 billion, a P/E ratio of 38.45 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, October 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.36%. Saul Centers’s payout ratio is 129.11%.
Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of Saul Centers by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,031 shares during the period. Mason Street Advisors LLC increased its holdings in shares of Saul Centers by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 180 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of 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. QS Investors LLC increased its holdings in shares of Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,800 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Saul Centers in the 1st quarter valued at $222,000. 45.16% of the stock is currently owned by institutional investors and hedge funds.
BFS has been the topic of several recent research reports. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th.
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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