Saul Centers Inc (NYSE:BFS) has been given a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12-month consensus target price of $65.50 for the company and are predicting that the company will post $0.77 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 249 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on BFS shares. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.
In other Saul Centers news, insider James Page Lansdale sold 11,027 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $64.06, for a total transaction of $706,389.62. Following the sale, the insider now owns 11,627 shares in the company, valued at approximately $744,825.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders have sold 20,999 shares of company stock worth $1,329,716. 48.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Saul Centers by 4.2% during the 2nd quarter. California State Teachers Retirement System now owns 19,725 shares of the real estate investment trust’s stock worth $1,144,000 after purchasing an additional 800 shares during the period. Nationwide Fund Advisors increased its holdings in Saul Centers by 14.4% during the 2nd quarter. Nationwide Fund Advisors now owns 7,036 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 885 shares during the period. Chevy Chase Trust Holdings Inc. increased its holdings in Saul Centers by 7.1% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 18,925 shares of the real estate investment trust’s stock worth $1,172,000 after purchasing an additional 1,250 shares during the period. Bank of Montreal Can increased its holdings in Saul Centers by 10.1% during the 4th quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock worth $1,046,000 after purchasing an additional 1,554 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Saul Centers by 19.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,672 shares of the real estate investment trust’s stock worth $561,000 after purchasing an additional 1,590 shares during the period. Institutional investors own 45.19% of the company’s stock.
Saul Centers (BFS) traded down $2.18 on Thursday, reaching $49.21. The company had a trading volume of 42,770 shares, compared to its average volume of 36,518. Saul Centers has a 1 year low of $48.17 and a 1 year high of $66.14. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. The firm has a market cap of $1,080.00, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $0.52 per share. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, January 16th. This represents a $2.08 annualized dividend and a yield of 4.23%. Saul Centers’s dividend payout ratio is presently 127.61%.
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About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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