Saul Centers (NYSE:BFS) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
BFS has been the topic of several other research reports. Zacks Investment Research upgraded shares of Saul Centers from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, October 9th. B. Riley boosted their target price on shares of Saul Centers from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $57.33.
BFS traded up $0.18 during trading on Tuesday, reaching $51.74. 17,100 shares of the company’s stock were exchanged, compared to its average volume of 35,859. Saul Centers has a fifty-two week low of $46.71 and a fifty-two week high of $65.32. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market capitalization of $1.16 billion, a P/E ratio of 16.27, a P/E/G ratio of 3.35 and a beta of 0.68.
In other news, VP Steven N. Corey sold 3,750 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $59.26, for a total value of $222,225.00. Following the sale, the vice president now owns 3,750 shares in the company, valued at approximately $222,225. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip D. Caraci sold 1,100 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $58.00, for a total transaction of $63,800.00. The disclosure for this sale can be found here. Insiders sold a total of 14,584 shares of company stock worth $863,999 in the last 90 days. 49.60% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of BFS. Piedmont Investment Advisors LLC acquired a new stake in shares of Saul Centers in the 2nd quarter valued at $151,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Saul Centers by 145.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,850 shares in the last quarter. Royal Bank of Canada lifted its position in Saul Centers by 38.1% during the 1st quarter. Royal Bank of Canada now owns 7,692 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 2,124 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Saul Centers by 114.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,361 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 4,470 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Saul Centers during the 2nd quarter worth about $560,000. Institutional investors own 45.32% of the company’s stock.
Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. Its business activity includes ownership, management and development of income producing properties. The company operates through two segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighborhood shopping centers which are anchored by supermarkets, discount department stores and drug stores.
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