Saul Centers Inc (NYSE:BFS) declared a quarterly dividend on Monday, December 9th, Wall Street Journal reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.53 per share by the real estate investment trust on Friday, January 31st. This represents a $2.12 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, January 16th.
Saul Centers has raised its dividend by an average of 4.8% annually over the last three years and has raised its dividend annually for the last 5 consecutive years.
Shares of NYSE:BFS opened at $53.26 on Tuesday. The firm has a market cap of $1.20 billion, a PE ratio of 16.05 and a beta of 0.87. The firm’s fifty day moving average is $51.84 and its 200-day moving average is $53.04. The company has a debt-to-equity ratio of 3.97, a quick ratio of 2.70 and a current ratio of 2.70. Saul Centers has a 52 week low of $48.39 and a 52 week high of $58.49.
A number of research firms recently weighed in on BFS. B. Riley began coverage on Saul Centers in a report on Tuesday, November 26th. They issued a “hold” rating and a $58.00 price objective for the company. ValuEngine raised Saul Centers from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Finally, Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Friday, January 3rd.
About Saul Centers
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 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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