Saul Centers, Inc. (NYSE:BFS) Director Zachary Maxwell Friedlis Purchases 600 Shares of Stock

Saul Centers, Inc. (NYSE:BFS) Director Zachary Maxwell Friedlis bought 600 shares of Saul Centers stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $20.84 per share, for a total transaction of $12,504.00. Following the purchase, the director now owns 3,271 shares of the company’s stock, valued at $68,167.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Saul Centers Stock Up 0.5 %

NYSE:BFS traded up $0.20 during mid-day trading on Friday, reaching $36.92. The company’s stock had a trading volume of 7,802 shares, compared to its average volume of 53,991. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.28. Saul Centers, Inc. has a 1 year low of $33.05 and a 1 year high of $41.04. The stock has a fifty day moving average of $37.02 and a 200-day moving average of $37.47. The firm has a market capitalization of $885.34 million, a PE ratio of 21.25 and a beta of 1.08.

Saul Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a dividend of $0.59 per share. The ex-dividend date was Friday, April 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.39%. Saul Centers’s dividend payout ratio is presently 136.42%.

Wall Street Analyst Weigh In

BFS has been the topic of several recent analyst reports. B. Riley assumed coverage on shares of Saul Centers in a research note on Thursday, April 11th. They issued a “buy” rating and a $43.50 price target on the stock. StockNews.com cut Saul Centers from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Hedge Funds Weigh In On Saul Centers

Institutional investors have recently bought and sold shares of the business. Centersquare Investment Management LLC raised its holdings in Saul Centers by 72.0% in the first quarter. Centersquare Investment Management LLC now owns 13,930 shares of the real estate investment trust’s stock worth $507,000 after purchasing an additional 5,830 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Saul Centers in the 1st quarter worth approximately $297,000. Russell Investments Group Ltd. raised its stake in shares of Saul Centers by 35.2% during the 1st quarter. Russell Investments Group Ltd. now owns 14,035 shares of the real estate investment trust’s stock worth $540,000 after acquiring an additional 3,651 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Saul Centers during the first quarter valued at approximately $224,000. Finally, BNP Paribas Financial Markets lifted its position in Saul Centers by 12.2% during the first quarter. BNP Paribas Financial Markets now owns 11,283 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 1,230 shares during the last quarter. 49.99% of the stock is owned by hedge funds and other institutional investors.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.