Saul Centers (NYSE:BFS) Share Price Passes Above 50 Day Moving Average of $55.53

Saul Centers Inc (NYSE:BFS) passed 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.

Separately, Zacks Investment Research cut 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 market capitalization of $1.28 billion, a PE ratio of 17.77, a PEG ratio of 3.39 and a beta of 0.91. The firm has a 50 day simple moving average of $55.55. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.32 and a quick ratio of 1.32.

Saul Centers (NYSE:BFS) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. The company had revenue of $59.75 million during the quarter, compared to analysts’ expectations of $58.21 million. On average, sell-side analysts expect that Saul Centers Inc will post 3.3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.84%. Saul Centers’s dividend payout ratio is currently 68.17%.

In other news, insider Scott V. Schneider sold 5,000 shares of the stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $57.10, for a total value of $285,500.00. Following the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at $228,400. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO B Francis Saul II bought 750 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was 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 owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The disclosure for this purchase can be found here. Over the last three months, insiders sold 20,000 shares of company stock worth $1,116,300. Insiders own 48.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Alpha LLC purchased a new stake in shares of Saul Centers during the first quarter valued at $27,000. Quantamental Technologies LLC boosted its position in shares of Saul Centers by 600.0% during the first quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 600 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Saul Centers during the first quarter valued at $47,000. Bessemer Group Inc. purchased a new stake in shares of Saul Centers during the fourth quarter valued at $71,000. Finally, Denali Advisors LLC purchased a new stake in shares of Saul Centers during the second quarter valued at $112,000. 45.73% of the stock is currently owned by institutional investors.

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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