Shares of Saul Centers, Inc. (NYSE:BFS – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $37.19 and last traded at $37.0150, with a volume of 11195 shares. The stock had previously closed at $36.49.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Saul Centers in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Stock Analysis on Saul Centers
Saul Centers Stock Performance
Saul Centers (NYSE:BFS – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $74.64 million during the quarter, compared to the consensus estimate of $75.11 million. Saul Centers had a net margin of 12.43% and a return on equity of 12.44%.
Saul Centers Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were given a $0.59 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. Saul Centers’s dividend payout ratio (DPR) is presently 222.64%.
Insider Buying and Selling
In other news, COO David Todd Pearson acquired 2,600 shares of Saul Centers stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $34.74 per share, for a total transaction of $90,324.00. Following the completion of the transaction, the chief operating officer directly owned 79,321 shares in the company, valued at approximately $2,755,611.54. This trade represents a 3.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 51.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Saul Centers
A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Saul Centers in the second quarter valued at about $27,000. Hantz Financial Services Inc. increased its holdings in Saul Centers by 48.8% in the third quarter. Hantz Financial Services Inc. now owns 1,092 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 358 shares in the last quarter. Bessemer Group Inc. increased its holdings in Saul Centers by 82.9% in the first quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 640 shares in the last quarter. CWM LLC increased its holdings in Saul Centers by 35.8% in the fourth quarter. CWM LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 381 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Saul Centers in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 49.99% of the company’s stock.
Saul Centers Company Profile
Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.
Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.
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