Saul Centers, Inc. (NYSE:BFS) will be posting its quarterly earnings results after the market closes on Monday, October 30th.
Shares of Saul Centers, Inc. (NYSE BFS) opened at 62.86 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 39.76 and a beta of 0.72. The stock’s 50 day moving average price is $62.74 and its 200 day moving average price is $60.49. Saul Centers, Inc. has a 12 month low of $55.86 and a 12 month high of $68.33.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Monday, October 16th. Saul Centers’s dividend payout ratio is presently 129.11%.
In other news, VP Steven N. Corey sold 11,250 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $63.26, for a total transaction of $711,675.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Charles W. Sherren, Jr. sold 1,909 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $62.50, for a total value of $119,312.50. Following the sale, the vice president now owns 645 shares in the company, valued at $40,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 37,328 shares of company stock worth $2,335,487 over the last quarter. Insiders own 48.80% of the company’s stock.
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A number of brokerages have recently weighed in on BFS. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub cut Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th.
Saul Centers Company Profile
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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