Saul Centers (NYSE:BFS) Cut to Sell at Zacks Investment Research

Saul Centers (NYSE:BFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, Zacks.com reports.

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. “

Separately, DA Davidson reiterated a “neutral” rating on shares of Saul Centers in a report on Monday, July 29th.

BFS stock traded down $1.28 during mid-day trading on Monday, reaching $52.96. The company’s stock had a trading volume of 49,200 shares, compared to its average volume of 49,765. The company has a market capitalization of $1.24 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The business’s 50 day moving average price is $54.68. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.32 and a current ratio of 1.44. Saul Centers has a 12 month low of $45.49 and a 12 month high of $60.65.

In related news, CEO B Francis Saul II purchased 750 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $53.77 per share, for a total transaction of $40,327.50. Following the completion of the acquisition, the chief executive officer now owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Charles W. Sherren, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $54.58, for a total value of $545,800.00. Following the sale, the vice president now owns 10,678 shares of the company’s stock, valued at approximately $582,805.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $1,116,300. Corporate insiders own 48.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BFS. Norges Bank bought a new stake in Saul Centers during the fourth quarter worth $8,309,000. Panagora Asset Management Inc. bought a new stake in Saul Centers during the second quarter worth $2,338,000. Millennium Management LLC grew its holdings in Saul Centers by 171.7% during the fourth quarter. Millennium Management LLC now owns 64,394 shares of the real estate investment trust’s stock worth $3,041,000 after buying an additional 40,692 shares in the last quarter. Martingale Asset Management L P bought a new stake in Saul Centers during the first quarter worth $1,805,000. Finally, Marshall Wace LLP bought a new stake in Saul Centers during the first quarter worth $1,282,000. Institutional investors and hedge funds own 45.81% of the company’s stock.

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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