Saul Centers, Inc. (NYSE:BFS) VP Charles W. Sherren, Jr. sold 2,453 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.72, for a total value of $151,399.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Saul Centers, Inc. (BFS) opened at 62.11 on Friday. Saul Centers, Inc. has a 1-year low of $55.86 and a 1-year high of $68.33. The stock’s 50 day moving average price is $60.33 and its 200-day moving average price is $60.39. The stock has a market capitalization of $1.35 billion, a P/E ratio of 39.29 and a beta of 0.72.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th.
Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Saul Centers by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,031 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Saul Centers by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 130 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 180 shares in the last quarter. QS Investors LLC lifted its holdings in shares of Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Saul Centers in the first quarter valued at about $222,000. Institutional investors own 45.16% of the company’s stock.
About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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