Saul Centers (NYSE:BFS) VP John Collich Acquires 2,000 Shares

Key Points

  • COO David Todd Pearson bought 3,348 shares on November 12 at an average price of $29.86 for $99,971.28, raising his stake to 50,567 shares (a 7.09% increase).
  • Saul Centers beat quarterly expectations with $0.32 EPS versus $0.23 expected and $72.0M revenue, and it pays a quarterly dividend of $0.59 (annualized yield ~7.9%) with a payout ratio around 203%.
  • The stock trades near $29.96, has a market cap of $731M and a PE of 22.7, a 52‑week range of $29.16–$41.51, and approximately 49.99% institutional ownership.

Saul Centers, Inc. (NYSE:BFS - Get Free Report) VP John Collich bought 2,000 shares of Saul Centers stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $29.99 per share, for a total transaction of $59,980.00. Following the completion of the acquisition, the vice president directly owned 49,260 shares of the company's stock, valued at approximately $1,477,307.40. The trade was a 4.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Saul Centers Stock Up 0.3%

NYSE:BFS traded up $0.09 during mid-day trading on Friday, reaching $29.99. The company's stock had a trading volume of 23,735 shares, compared to its average volume of 59,181. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. Saul Centers, Inc. has a 1 year low of $29.16 and a 1 year high of $41.51. The stock has a fifty day moving average of $31.02 and a 200-day moving average of $32.72. The firm has a market capitalization of $731.99 million, a PE ratio of 22.72 and a beta of 1.16.

Saul Centers (NYSE:BFS - Get Free Report) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The company had revenue of $72.00 million during the quarter, compared to analyst estimates of $70.74 million. Saul Centers had a return on equity of 13.79% and a net margin of 15.51%. Equities research analysts forecast that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Saul Centers Dividend Announcement




The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Wednesday, October 15th. Saul Centers's dividend payout ratio is currently 203.45%.

Institutional Trading of Saul Centers

A number of hedge funds have recently made changes to their positions in BFS. Atlantic Union Bankshares Corp raised its stake in Saul Centers by 66,361.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,341,190 shares of the real estate investment trust's stock valued at $42,744,000 after acquiring an additional 1,339,172 shares in the last quarter. Geode Capital Management LLC grew its position in Saul Centers by 9.6% during the 2nd quarter. Geode Capital Management LLC now owns 322,082 shares of the real estate investment trust's stock worth $10,997,000 after purchasing an additional 28,282 shares in the last quarter. Invesco Ltd. lifted its stake in Saul Centers by 32.3% in the 3rd quarter. Invesco Ltd. now owns 159,400 shares of the real estate investment trust's stock worth $5,080,000 after acquiring an additional 38,935 shares in the last quarter. JPMorgan Chase & Co. lifted 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 buying an additional 68,018 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Saul Centers by 36.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust's stock valued at $4,322,000 after buying an additional 31,722 shares in the last quarter. Hedge funds and other institutional investors own 49.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Saul Centers in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

View Our Latest Report on BFS

Saul Centers Company Profile

(Get Free Report)

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.

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