Saul Centers (BFS) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Saul Centers (NYSE:BFS) from a hold rating to a buy rating in a research report report published on Friday morning. They currently have $58.00 price objective on the real estate investment trust’s stock.

According to Zacks, “SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. “

Other research analysts have also issued research reports about the company. ValuEngine raised Saul Centers from a sell rating to a hold rating in a report on Tuesday, October 23rd. B. Riley lifted their target price on Saul Centers from $54.00 to $58.00 and gave the company a neutral rating in a report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $57.00.

BFS stock opened at $53.67 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 4.28. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.37 and a beta of 0.83. Saul Centers has a twelve month low of $46.71 and a twelve month high of $65.32.

In other Saul Centers news, VP Debra Noreen Stencel sold 501 shares of Saul Centers stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $59.65, for a total transaction of $29,884.65. Following the completion of the transaction, the vice president now owns 501 shares of the company’s stock, valued at approximately $29,884.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John E. Chapoton sold 10,000 shares of Saul Centers stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $50.04, for a total value of $500,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,306 shares of company stock valued at $573,787 in the last ninety days. Insiders own 49.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Saul Centers by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 196,921 shares of the real estate investment trust’s stock worth $10,551,000 after purchasing an additional 1,097 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Saul Centers by 0.7% during the third quarter. Teachers Advisors LLC now owns 166,390 shares of the real estate investment trust’s stock worth $9,318,000 after purchasing an additional 1,162 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Saul Centers by 36.8% during the third quarter. Macquarie Group Ltd. now owns 5,200 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 1,400 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Saul Centers by 2.7% during the second quarter. Legal & General Group Plc now owns 58,546 shares of the real estate investment trust’s stock worth $3,138,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Saul Centers by 5.1% during the second quarter. Rhumbline Advisers now owns 32,336 shares of the real estate investment trust’s stock worth $1,733,000 after purchasing an additional 1,572 shares in the last quarter. 46.19% of the stock is owned by institutional investors.

About Saul Centers

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) 49 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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