StockNews.com Lowers Saul Centers (NYSE:BFS) to Hold

StockNews.com downgraded shares of Saul Centers (NYSE:BFSGet Rating) from a buy rating to a hold rating in a research note released on Tuesday.

Several other research analysts have also recently issued reports on the company. Raymond James dropped their price target on Saul Centers from $56.00 to $50.00 and set an outperform rating on the stock in a report on Thursday, September 1st. B. Riley cut their target price on shares of Saul Centers from $53.00 to $47.00 in a research note on Monday.

Saul Centers Price Performance

NYSE BFS opened at $42.55 on Tuesday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 25.79 and a beta of 1.13. Saul Centers has a 1 year low of $36.21 and a 1 year high of $56.22. The business’s fifty day moving average is $39.79 and its two-hundred day moving average is $44.60. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.76 and a current ratio of 1.76.

Saul Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Friday, October 14th. Saul Centers’s dividend payout ratio (DPR) is currently 143.03%.

Institutional Trading of Saul Centers

Several large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in Saul Centers during the 3rd quarter valued at $138,000. BNP Paribas Arbitrage SNC grew its holdings in shares of Saul Centers by 10.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,308 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 521 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Saul Centers by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 9,588 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 637 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Saul Centers by 3.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,331 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 417 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Saul Centers by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,173,348 shares of the real estate investment trust’s stock valued at $81,500,000 after acquiring an additional 9,394 shares in the last quarter. 46.83% of the stock is owned by institutional investors and hedge funds.

Saul Centers Company Profile

(Get Rating)

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) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

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