Saul Centers Inc (NYSE:BFS) announced a quarterly dividend on Friday, June 19th, Zacks reports. Shareholders of record on Friday, July 17th will be given a dividend of 0.53 per share by the real estate investment trust on Friday, July 31st. This represents a $2.12 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Thursday, July 16th.

Saul Centers has raised its dividend by an average of 35.9% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.

Shares of BFS stock opened at $30.71 on Tuesday. The company has a market capitalization of $713.20 million, a price-to-earnings ratio of 19.69 and a beta of 1.02. The company has a debt-to-equity ratio of 4.28, a current ratio of 2.33 and a quick ratio of 2.33. The company’s fifty day moving average price is $33.03 and its 200-day moving average price is $38.86. Saul Centers has a one year low of $23.58 and a one year high of $57.29.

In other news, CEO B Francis Saul II purchased 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $29.45 per share, for a total transaction of $309,225.00. Corporate insiders own 50.10% of the company’s stock.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. B. Riley decreased their target price on Saul Centers from $58.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, April 3rd. Finally, Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Five analysts have rated the stock with a hold rating, Saul Centers presently has an average rating of “Hold” and an average price target of $47.33.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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Dividend History for Saul Centers (NYSE:BFS)

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