Saul Centers, Inc. (NYSE:BFS – Get Rating) declared a quarterly dividend on Thursday, June 23, Zacks reports. Stockholders of record on Friday, July 15 will receive a dividend of $0.59 per share from the Real Estate Investment Trust on Friday, July 29. That equates to an annualized dividend of $2.36 and a yield of 4.92%. The ex-dividend date is Thursday July 14th. This is an increase from Saul Centers’ prior quarterly dividend of $0.57.
Saul Centers has increased its dividend payment by an average of 1.7% per year for the past three years, and has increased its dividend every year for the last 1 year.
NYSE:BFS shares opened at $47.96 on Friday. Saul Centers has a 1-year low of $41.73 and a 1-year high of $56.22. The company has a leverage ratio of 3.30, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50-day moving average price of $48.59 and a 200-day moving average price of $49.59. The company has a market cap of $1.14 billion, a P/E of 28.21 and a beta of 1.07.
In addition, on Wednesday, May 25, CEO B Francis Saul II purchased 1,250 shares of the company’s stock in a transaction. The shares were purchased at an average price of $48.18 per share for a total value of $60,225.00. Upon completion of the transaction, the Chief Executive Officer now owns 79,352 shares of the Company, valued at approximately $3,823,179.36. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 51.50% of the company’s shares.
Several hedge funds have recently bought and sold shares in BFS. Vanguard Group Inc. increased its stake in Saul Centers by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,167,051 shares of Real Estate Investment Trust valued at $114,203,000 after purchasing an additional 58,063 shares last quarter. State Street Corp increased its stake in Saul Centers by 6.5% in the first quarter. State Street Corp now owns 476,025 shares of the Real Estate Investment Trust worth $25,087,000 after purchasing an additional 28,960 shares last quarter. Bank of New York Mellon Corp increased its stake in Saul Centers by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 208,306 shares of the real estate investment trust worth $10,977,000 after buying another 1,115 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Saul Centers by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 93,311 shares of the Real Estate Investment Trust worth $4,918,000 after purchasing an additional 4,590 shares last quarter. Eventually, Invesco Ltd. faltered. increased its stake in Saul Centers by 15.4% in the first quarter. invesco ltd now owns 46,323 shares of the Real Estate Investment Trust worth $2,442,000 after purchasing an additional 6,196 shares last quarter. 51.69% of the shares are currently owned by hedge funds and other institutional investors.
Several research companies have recently commented on BFS. B. Riley reiterated a “buy” rating on Saul Centers shares in a report Wednesday, March 9th. Capital One Financial reiterated an “equal weight” rating on Saul Centers shares in a report Sunday, March 13. Finally, StockNews.com took over Saul Centers coverage in a report on Thursday, March 31st. They gave the company a buy rating.
About Saul centers (received rating)
Saul Centers, Inc is a self-managed, self-managed equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties, including (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9, 8 million rentable square feet; and (b) three lots and development lots.
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