Saul Centers (NYSE:BFS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Saul Centers, Inc. (NYSE:BFS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.94 and traded as high as $34.50. Saul Centers shares last traded at $34.3950, with a volume of 52,021 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Saul Centers in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Saul Centers Stock Down 1.8%

The company has a debt-to-equity ratio of 5.48, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s 50 day moving average price is $33.16 and its 200-day moving average price is $31.95. The company has a market cap of $819.28 million, a PE ratio of 30.68 and a beta of 0.99.

Saul Centers (NYSE:BFS) last issued its earnings results on Friday, February 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Saul Centers had a return on equity of 12.48% and a net margin of 12.94%.The business had revenue of $71.65 million during the quarter, compared to analysts’ expectations of $73.15 million. On average, analysts predict that Saul Centers, Inc. will post 3.14 earnings per share for the current year.

Hedge Funds Weigh In On Saul Centers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Saul Centers in the second quarter worth $27,000. Hantz Financial Services Inc. boosted its position in Saul Centers by 48.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,092 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 358 shares during the period. CWM LLC grew its holdings in Saul Centers by 35.8% in the 4th quarter. CWM LLC now owns 1,444 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 381 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Saul Centers in the fourth quarter valued at about $54,000. Finally, Signaturefd LLC raised its stake in shares of Saul Centers by 450.6% during the fourth quarter. Signaturefd LLC now owns 1,795 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,469 shares during the last quarter. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.