Zachary Maxwell Friedlis Buys 600 Shares of Saul Centers, Inc. (NYSE:BFS) Stock

Saul Centers, Inc. (NYSE:BFS) Director Zachary Maxwell Friedlis bought 600 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $20.84 per share, with a total value of $12,504.00. Following the completion of the purchase, the director now owns 3,271 shares of the company’s stock, valued at $68,167.64. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Saul Centers Stock Performance

Shares of NYSE BFS traded up $0.67 during midday trading on Thursday, hitting $36.77. 35,768 shares of the company’s stock were exchanged, compared to its average volume of 54,507. Saul Centers, Inc. has a twelve month low of $33.00 and a twelve month high of $41.04. The company has a debt-to-equity ratio of 4.28, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $881.74 million, a P/E ratio of 21.11 and a beta of 1.08. The stock’s 50 day moving average price is $37.02 and its 200-day moving average price is $37.48.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.36 annualized dividend and a dividend yield of 6.42%. Saul Centers’s payout ratio is 136.42%.

Institutional Investors Weigh In On Saul Centers

A number of hedge funds and other institutional investors have recently modified their holdings of BFS. LSV Asset Management acquired a new stake in Saul Centers in the third quarter worth approximately $99,000. SG Americas Securities LLC bought a new stake in shares of Saul Centers in the 3rd quarter worth $137,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Saul Centers in the first quarter valued at $224,000. Quadrature Capital Ltd bought a new position in Saul Centers during the third quarter valued at about $239,000. Finally, Louisiana State Employees Retirement System acquired a new position in Saul Centers during the fourth quarter worth about $255,000. 49.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BFS has been the subject of a number of recent research reports. B. Riley began coverage on Saul Centers in a research note on Thursday, April 11th. They set a “buy” rating and a $43.50 price objective for the company. StockNews.com downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.