Key Points
- Saul Centers COO David Todd Pearson bought 2,600 shares on May 28 at an average price of $34.74, spending about $90,324. After the purchase, he owned 79,321 shares worth roughly $2.76 million.
- The REIT recently beat earnings expectations, reporting $0.26 EPS versus the $0.13 consensus estimate, though revenue of $74.64 million came in slightly below forecasts.
- Saul Centers continues to pay a high dividend yield of 6.8%, with a quarterly payout of $0.59 per share, while analysts currently rate the stock a hold.
Saul Centers, Inc. (NYSE:BFS - Get Free Report) COO David Todd Pearson purchased 2,600 shares of the firm's stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $34.74 per share, for a total transaction of $90,324.00. Following the completion of the transaction, the chief operating officer directly owned 79,321 shares in the company, valued at approximately $2,755,611.54. The trade was a 3.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Saul Centers Stock Performance
NYSE BFS opened at $34.56 on Tuesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $848.10 million, a price-to-earnings ratio of 32.60 and a beta of 0.92. The company's fifty day moving average is $33.84 and its two-hundred day moving average is $32.85. Saul Centers, Inc. has a 52-week low of $29.16 and a 52-week high of $35.75.
Saul Centers (NYSE:BFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Saul Centers had a net margin of 12.43% and a return on equity of 12.44%. The company had revenue of $74.64 million for the quarter, compared to analyst estimates of $75.11 million.
Saul Centers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, April 15th. Saul Centers's payout ratio is 222.64%.
Hedge Funds Weigh In On Saul Centers
Several institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in Saul Centers by 48.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,092 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 358 shares during the last quarter. CWM LLC raised its stake in shares of Saul Centers by 35.8% in the fourth quarter. CWM LLC now owns 1,444 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 381 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Saul Centers by 3.3% in the fourth quarter. Russell Investments Group Ltd. now owns 13,027 shares of the real estate investment trust's stock worth $411,000 after acquiring an additional 420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Saul Centers by 7.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,742 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 475 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Saul Centers by 4.3% in the fourth quarter. Inspire Investing LLC now owns 14,860 shares of the real estate investment trust's stock worth $469,000 after acquiring an additional 607 shares during the last quarter. 49.99% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Saul Centers in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
Check Out Our Latest Stock Report on Saul Centers
About Saul Centers
(
Get Free Report)
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.
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