Saul Centers (NYSE:BFS) Hits New 1-Year High - What's Next?

Saul Centers, Inc. (NYSE:BFS - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $42.34 and last traded at $42.18, with a volume of 5303 shares changing hands. The stock had previously closed at $41.83.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com downgraded Saul Centers from a "buy" rating to a "hold" rating in a research note on Friday. B. Riley upped their price target on Saul Centers from $43.50 to $45.50 and gave the stock a "buy" rating in a report on Thursday, August 22nd.

Saul Centers Trading Down 0.8 %

The business has a fifty day simple moving average of $40.46 and a 200 day simple moving average of $38.60. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 22.68 and a beta of 1.11. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.83 and a current ratio of 0.83.

Saul Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Tuesday, October 15th. Saul Centers's dividend payout ratio (DPR) is presently 128.26%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BFS. DiNuzzo Private Wealth Inc. purchased a new position in shares of Saul Centers during the 3rd quarter worth $25,000. Whittier Trust Co. purchased a new position in shares of Saul Centers in the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Saul Centers in the 2nd quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust's stock worth $119,000 after buying an additional 2,262 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Saul Centers in the 1st quarter worth $224,000. Hedge funds and other institutional investors own 49.99% of the company's stock.

Saul Centers Company Profile

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.