ValuEngine Downgrades Saul Centers (BFS) to Sell

ValuEngine lowered shares of Saul Centers (NYSE:BFS) from a hold rating to a sell rating in a research note published on Thursday.

Several other equities research analysts have also weighed in on the company. B. Riley lifted their price objective on Saul Centers from $54.00 to $58.00 and gave the stock a neutral rating in a report on Wednesday, August 8th. Zacks Investment Research raised Saul Centers from a sell rating to a hold rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Saul Centers presently has a consensus rating of Hold and an average target price of $56.50.

Shares of BFS opened at $51.12 on Thursday. Saul Centers has a fifty-two week low of $46.71 and a fifty-two week high of $65.43. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.08, a PEG ratio of 3.63 and a beta of 0.68. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 4.27.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.07%. The ex-dividend date is Tuesday, October 16th. Saul Centers’s dividend payout ratio (DPR) is currently 65.41%.

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 Philip D. Caraci sold 1,100 shares of Saul Centers stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $58.00, for a total value of $63,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 14,584 shares of company stock valued at $863,999. 49.60% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Saul Centers during the 2nd quarter valued at about $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $167,000 after buying an additional 1,850 shares in the last quarter. Aperio Group LLC grew its holdings in Saul Centers by 71.9% during the 1st quarter. Aperio Group LLC now owns 6,961 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 2,912 shares in the last quarter. Royal Bank of Canada grew its holdings 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 valued at $392,000 after buying an additional 2,124 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings 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 valued at $447,000 after buying an additional 4,470 shares in the last quarter. 45.28% of the stock is owned by institutional investors and hedge funds.

About Saul Centers

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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