Insider Selling: Charles Sherren Jr Sells 2,500 Shares of Saul Centers Stock (BFS)
Saul Centers (NYSE:BFS) VP Charles Sherren, Jr. sold 2,500 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $46.30, for a total value of $115,750.00. Following the sale, the vice president now directly owns 3,063 shares of the company’s stock, valued at approximately $141,817. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Saul Centers (NYSE:BFS) traded up 0.34% during mid-day trading on Thursday, hitting $46.86. 22,734 shares of the company’s stock traded hands. Saul Centers has a 52 week low of $41.30 and a 52 week high of $49.82. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $46.71. The company has a market cap of $960.6 million and a price-to-earnings ratio of 89.12.
Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts predict that Saul Centers will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of 0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, January 15th.
Separately, analysts at Robert W. Baird downgraded shares of Saul Centers from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They noted that the move was a valuation call.
Saul Centers, Inc (NYSE:BFS) operates as a real estate investment trust (a REIT).
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