Shares of Saul Centers Inc (NYSE:BFS) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $55.53 and traded as high as $55.57. Saul Centers shares last traded at $55.20, with a volume of 476 shares traded.
Separately, Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th.
The company has a 50 day moving average of $55.55. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.09. The stock has a market cap of $1.26 billion, a PE ratio of 16.95, a PEG ratio of 3.35 and a beta of 0.91.
Saul Centers (NYSE:BFS) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. The firm had revenue of $59.75 million for the quarter, compared to analysts’ expectations of $58.21 million. As a group, analysts forecast that Saul Centers Inc will post 3.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $2.12 annualized dividend and a yield of 3.84%. Saul Centers’s dividend payout ratio is currently 68.17%.
In related news, CEO B Francis Saul II purchased 750 shares of the company’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $53.77 per share, for a total transaction of $40,327.50. Following the completion of the purchase, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles W. Sherren, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $54.58, for a total transaction of $545,800.00. Following the completion of the transaction, the vice president now owns 10,678 shares in the company, valued at $582,805.24. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $1,116,300 over the last quarter. 48.50% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Advisory Alpha LLC acquired a new stake in shares of Saul Centers in the first quarter valued at approximately $27,000. Quantamental Technologies LLC raised its position in Saul Centers by 600.0% in the first quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 600 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Saul Centers in the first quarter worth $47,000. Bessemer Group Inc. purchased a new position in Saul Centers in the fourth quarter worth $71,000. Finally, Denali Advisors LLC purchased a new position in shares of Saul Centers in the second quarter valued at $112,000. 45.73% of the stock is owned by institutional investors and hedge funds.
About Saul Centers (NYSE:BFS)
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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