Saul Centers (NYSE:BFS) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Saul Centers, Inc. (NYSE:BFS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.51 and traded as high as $41.38. Saul Centers shares last traded at $40.94, with a volume of 95,935 shares trading hands.

Analysts Set New Price Targets

Separately, B. Riley increased 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 Up 0.1 %

The firm has a market capitalization of $989.50 million, a price-to-earnings ratio of 23.03 and a beta of 1.11. The business's 50 day moving average price is $40.44 and its 200-day moving average price is $38.53. The company has a debt-to-equity ratio of 4.40, a current ratio of 0.83 and a quick ratio of 0.83.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.76%. Saul Centers's dividend payout ratio (DPR) is presently 132.59%.

Hedge Funds Weigh In On Saul Centers

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in Saul Centers in the second quarter valued at about $3,272,000. Hillsdale Investment Management Inc. acquired a new position in Saul Centers in the first quarter worth $1,293,000. AQR Capital Management LLC grew its position in shares of Saul Centers by 115.0% during the 2nd quarter. AQR Capital Management LLC now owns 59,675 shares of the real estate investment trust's stock valued at $2,194,000 after buying an additional 31,919 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Saul Centers during the second quarter valued at approximately $1,060,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Saul Centers by 149.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 40,512 shares of the real estate investment trust's stock worth $1,700,000 after acquiring an additional 24,281 shares during the period. 49.99% of the stock is owned by institutional investors and hedge funds.

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.