Saul Centers, Inc. (NYSE:BFS) CEO B Francis Saul II Purchases 750 Shares of Stock

Saul Centers, Inc. (NYSE:BFS – Get Rating) CEO B Francis Saul II acquired 750 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average cost of $35.18 per share, for a total transaction of $26,385.00. Following the acquisition, the chief executive officer now directly owns 114,166 shares in the company, valued at approximately $4,016,359.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

B Francis Saul II also recently made the following trade(s):

• On Tuesday, May 9th, B Francis Saul II acquired 5,145 shares of Saul Centers stock. The stock was acquired at an average cost of $33.29 per share, for a total transaction of $171,277.05.
• On Thursday, March 23rd, B Francis Saul II acquired 10,000 shares of Saul Centers stock. The stock was acquired at an average cost of $36.35 per share, for a total transaction of $363,500.00.

Saul Centers Price Performance

BFS stock opened at $35.07 on Tuesday. The firm has a 50 day moving average of $36.33 and a 200-day moving average of $39.51. Saul Centers, Inc. has a 12-month low of $32.13 and a 12-month high of $52.94. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.78. The company has a market cap of $839.23 million, a price-to-earnings ratio of 21.38 and a beta of 1.16.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 17th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, April 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.73%. Saul Centers’s payout ratio is 143.90%.

Institutional Investors Weigh In On Saul Centers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Tennessee Treasury Department lifted its position in shares of Saul Centers by 2.6% during the 4th quarter. State of Tennessee Treasury Department now owns 9,562 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 240 shares during the period. Yousif Capital Management LLC raised its position in shares of Saul Centers by 2.2% during the 1st quarter. Yousif Capital Management LLC now owns 12,014 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 264 shares during the last quarter. Inspire Investing LLC raised its position in shares of Saul Centers by 5.3% during the 4th quarter. Inspire Investing LLC now owns 5,832 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 296 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Saul Centers by 65.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 898 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 354 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Saul Centers by 16.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 2,566 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 359 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BFS has been the topic of a number of analyst reports. B. Riley lowered their price objective on Saul Centers from $47.00 to $42.00 in a report on Thursday, March 9th. StockNews.com began coverage on shares of Saul Centers in a research report on Thursday, May 18th. They set a “buy” rating for the company.

About Saul Centers

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Saul Centers, Inc is a real estate investment trust, which engages in the ownership, management, and development of income producing properties. It operates through the following segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighbourhood shopping centers which are anchored by supermarkets, discount department stores, and drug stores.