Insider Buying: Saul Centers, Inc. (NYSE:BFS) Director Acquires 600 Shares of Stock

Saul Centers, Inc. (NYSE:BFS) Director Zachary Maxwell Friedlis purchased 600 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $20.84 per share, for a total transaction of $12,504.00. Following the completion of the transaction, the director now directly owns 3,271 shares in the company, valued at approximately $68,167.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Saul Centers Price Performance

Saul Centers stock traded up $0.67 during trading on Thursday, reaching $36.77. The company had a trading volume of 35,768 shares, compared to its average volume of 54,507. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50-day simple moving average is $37.02 and its 200 day simple moving average is $37.48. The firm has a market capitalization of $881.74 million, a PE ratio of 21.11 and a beta of 1.08. Saul Centers, Inc. has a 1-year low of $33.00 and a 1-year high of $41.04.

Saul Centers Announces Dividend

The business also recently announced 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 6.42%. Saul Centers’s dividend payout ratio is currently 136.42%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. LSV Asset Management purchased a new position in Saul Centers in the 3rd quarter valued at $99,000. SG Americas Securities LLC purchased a new position in shares of Saul Centers in the third quarter worth about $137,000. Susquehanna Fundamental Investments LLC acquired a new position in Saul Centers during the first quarter worth about $224,000. Quadrature Capital Ltd purchased a new stake in Saul Centers during the 3rd quarter valued at about $239,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Saul Centers in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. B. Riley started coverage on Saul Centers in a report on Thursday, April 11th. They set a “buy” rating and a $43.50 target price on the stock. StockNews.com cut Saul Centers from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

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.