Saul Centers (NYSE:BFS) Shares Pass Above 200 Day Moving Average of $36.90

Saul Centers, Inc. (NYSE:BFS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.90 and traded as high as $37.48. Saul Centers shares last traded at $37.26, with a volume of 23,959 shares traded.

Wall Street Analysts Forecast Growth

BFS has been the subject of a number of research reports. B. Riley lifted their price target on Saul Centers from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. StockNews.com initiated coverage on Saul Centers in a research report on Thursday, August 17th. They set a “buy” rating for the company.

Saul Centers Trading Down 0.3 %

The stock has a 50-day simple moving average of $37.57 and a 200 day simple moving average of $36.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.93. The company has a market cap of $892.08 million, a price-to-earnings ratio of 22.72 and a beta of 1.17.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were issued a $0.59 dividend. The ex-dividend date was Friday, July 14th. This represents a $2.36 annualized dividend and a dividend yield of 6.33%. Saul Centers’s dividend payout ratio (DPR) is presently 143.90%.

Insider Activity

In related news, CEO B Francis Saul II acquired 3,558 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $38.14 per share, with a total value of $135,702.12. Following the acquisition, the chief executive officer now directly owns 125,188 shares in the company, valued at approximately $4,774,670.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 50.50% of the company’s stock.

Hedge Funds Weigh In On Saul Centers

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Saul Centers in the 1st quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Saul Centers by 83.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 846 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 384 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Saul Centers by 65.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 898 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 354 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Saul Centers by 138.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,005 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 584 shares in the last quarter. Finally, FMR LLC increased its stake in Saul Centers by 43.9% during the 1st quarter. FMR LLC now owns 1,197 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 44.95% of the company’s stock.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 61 properties, which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) four non-operating land and development properties.