Published On: Thu, Sep 8th, 2016

Saul Centers Inc. (BFS) Reaches New 1-Year High at $68.75

Saul Centers Inc. (NYSE:BFS) shares hit a new 52-week high on Wednesday . The company traded as high as $68.75 and last traded at $68.70, with a volume of 13,854 shares trading hands. The stock had previously closed at $68.49.
Separately, Zacks Investment Research downgraded Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.
The stock’s 50 day moving average price is $66.19 and its 200-day moving average price is $57.97. The stock has a market capitalization of $1.47 billion and a PE ratio of 44.25.

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Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.03. The business earned $52.70 million during the quarter, compared to analysts’ expectations of $52.20 million. Equities analysts forecast that Saul Centers Inc. will post $3.08 EPS for the current year.
In other Saul Centers news, CFO Scott V. Schneider sold 2,940 shares of the company’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $60.10, for a total transaction of $176,694.00. Following the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $180,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John F. Collich sold 12,332 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $61.73, for a total value of $761,254.36. Following the transaction, the vice president now directly owns 1,000 shares in the company, valued at approximately $61,730. The disclosure for this sale can be found here. Company insiders own 50.80% of the company’s stock.
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.

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