Saul Centers (NYSE:BFS) Stock Passes Above 200-Day Moving Average of $37.28

Saul Centers, Inc. (NYSE:BFSGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.28 and traded as high as $38.51. Saul Centers shares last traded at $38.01, with a volume of 39,018 shares trading hands.

Saul Centers Price Performance

The company’s 50 day moving average price is $37.68 and its 200-day moving average price is $37.28. The company has a market capitalization of $911.48 million, a PE ratio of 21.97 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.34.

Saul Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.36 annualized dividend and a dividend yield of 6.21%. Saul Centers’s dividend payout ratio is presently 136.42%.

Insider Activity

In related news, COO David Todd Pearson acquired 2,300 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $36.52 per share, with a total value of $83,996.00. Following the purchase, the chief operating officer now directly owns 6,204 shares of the company’s stock, valued at $226,570.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Saul Centers news, COO David Todd Pearson bought 2,300 shares of Saul Centers stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $36.52 per share, for a total transaction of $83,996.00. Following the acquisition, the chief operating officer now owns 6,204 shares of the company’s stock, valued at approximately $226,570.08. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO B Francis Saul II bought 8,600 shares of Saul Centers stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $37.80 per share, for a total transaction of $325,080.00. Following the acquisition, the chief executive officer now directly owns 146,706 shares in the company, valued at approximately $5,545,486.80. The disclosure for this purchase can be found here. Corporate insiders own 50.50% of the company’s stock.

Hedge Funds Weigh In On Saul Centers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFS. Norges Bank purchased a new position in Saul Centers in the 4th quarter valued at about $4,591,000. BlackRock Inc. boosted its position in Saul Centers by 4.2% in the 2nd quarter. BlackRock Inc. now owns 2,053,310 shares of the real estate investment trust’s stock valued at $75,623,000 after buying an additional 83,678 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Saul Centers in the 3rd quarter valued at about $2,768,000. Vanguard Group Inc. lifted its position in shares of Saul Centers by 2.8% during the first quarter. Vanguard Group Inc. now owns 2,167,051 shares of the real estate investment trust’s stock worth $114,203,000 after purchasing an additional 58,063 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Saul Centers by 1,932.1% during the fourth quarter. LSV Asset Management now owns 56,900 shares of the real estate investment trust’s stock worth $2,234,000 after purchasing an additional 54,100 shares during the last quarter. 49.99% of the stock is owned by hedge funds and other institutional investors.

About Saul Centers

(Get Free Report)

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.

Further Reading

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