Saul Centers (NYSE:BFS) COO David Todd Pearson Purchases 2,600 Shares

Saul Centers, Inc. (NYSE:BFS) COO David Todd Pearson bought 2,600 shares of Saul Centers stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $34.74 per share, with a total value of $90,324.00. Following the completion of the acquisition, the chief operating officer directly owned 79,321 shares of the company’s stock, valued at $2,755,611.54. This represents a 3.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Saul Centers Trading Down 0.3%

Shares of NYSE:BFS opened at $34.56 on Tuesday. The stock has a market capitalization of $848.10 million, a price-to-earnings ratio of 32.60 and a beta of 0.92. Saul Centers, Inc. has a 1-year low of $29.16 and a 1-year high of $35.75. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50 day moving average price of $33.84 and a 200 day moving average price of $32.85.

Saul Centers (NYSE:BFS) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Saul Centers had a net margin of 12.43% and a return on equity of 12.44%. The firm had revenue of $74.64 million during the quarter, compared to analysts’ expectations of $75.11 million.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were paid a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.8%. Saul Centers’s dividend payout ratio (DPR) is currently 222.64%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Saul Centers in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BFS. Atlantic Union Bankshares Corp grew its position in Saul Centers by 66,361.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,341,190 shares of the real estate investment trust’s stock worth $42,744,000 after purchasing an additional 1,339,172 shares during the last quarter. Ameriprise Financial Inc. grew its position in Saul Centers by 543.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 189,830 shares of the real estate investment trust’s stock worth $6,050,000 after purchasing an additional 160,335 shares during the last quarter. JPMorgan Chase & Co. grew its position in Saul Centers by 118.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 125,345 shares of the real estate investment trust’s stock worth $3,995,000 after purchasing an additional 68,018 shares during the last quarter. Vanguard Group Inc. grew its position in Saul Centers by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 1,966,888 shares of the real estate investment trust’s stock worth $62,016,000 after purchasing an additional 56,758 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in Saul Centers by 7.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 740,000 shares of the real estate investment trust’s stock worth $23,332,000 after purchasing an additional 50,767 shares during the last quarter. Institutional investors own 49.99% of the company’s stock.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.