Insider Selling: Saul Centers, Inc. (BFS) Insider Sells $287,875.00 in Stock
Saul Centers, Inc. (NYSE:BFS) insider Donald A. Hachey sold 4,606 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $62.50, for a total transaction of $287,875.00. Following the completion of the transaction, the insider now directly owns 625 shares in the company, valued at approximately $39,062.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Saul Centers, Inc. (NYSE:BFS) opened at 63.24 on Thursday. Saul Centers, Inc. has a 12-month low of $55.86 and a 12-month high of $68.33. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 40.00 and a beta of 0.72. The company’s 50 day moving average is $61.08 and its 200 day moving average is $60.31.
The business 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. This represents a $2.04 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, October 16th. Saul Centers’s dividend payout ratio (DPR) is presently 129.11%.
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A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. 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.
Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Saul Centers during the first quarter valued at $232,000. Credit Agricole S A raised its stake in Saul Centers by 56.3% during the first quarter. Credit Agricole S A now owns 3,911 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,409 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Saul Centers by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock valued at $11,198,000 after purchasing an additional 4,844 shares in the last quarter. BlackRock Inc. raised its stake in Saul Centers by 8,480.0% during the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock valued at $104,953,000 after purchasing an additional 1,683,373 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in Saul Centers during the second quarter valued at $587,000. 45.16% of the stock is currently owned by institutional investors.
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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