Saul Centers, Inc. (NYSE:BFS – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $29.09 and last traded at $29.09, with a volume of 78,654 shares changing hands. The stock had previously closed at $29.43.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Saul Centers from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Saul Centers
Saul Centers Trading Down 1.1%
The company’s 50 day simple moving average is $31.88 and its two-hundred day simple moving average is $33.99. The company has a market cap of $719.51 million, a PE ratio of 30.03 and a beta of 0.91. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.62 and a quick ratio of 1.62.
Saul Centers (NYSE:BFS – Get Free Report) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%. The firm had revenue of $72.80 million during the quarter, compared to the consensus estimate of $78.98 million.
Saul Centers Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th. Saul Centers’s dividend payout ratio (DPR) is presently 243.30%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in Saul Centers by 82.9% during the first quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 640 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Saul Centers by 53.5% in the 2nd quarter. Jones Financial Companies Lllp now owns 1,463 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 510 shares during the period. Rockefeller Capital Management L.P. increased its stake in Saul Centers by 1,011.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,912 shares during the period. State of Wyoming acquired a new stake in shares of Saul Centers during the first quarter worth about $70,000. Finally, GAMMA Investing LLC lifted its position in Saul Centers by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,036 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 420 shares during the period. 49.99% of the stock is owned by institutional investors and hedge funds.
Saul Centers Company Profile
Saul Centers, Inc is a self-managed and self-administered real estate investment trust (REIT) that owns, operates and manages income-producing commercial real estate. The company focuses primarily on shopping centers, including grocery-anchored and neighborhood retail properties, as well as mixed-use developments that combine retail, residential and office space.
Founded in 1993, Saul Centers has built a portfolio concentrated in the Washington, DC, metropolitan area and surrounding Mid-Atlantic markets, including Maryland and Virginia.
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