Shares of Saul Centers, Inc. (NYSE:BFS) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1 year consensus price objective of $69.50 for the company and are expecting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also given Saul Centers an industry rank of 195 out of 265 based on the ratings given to related companies.
Several brokerages recently commented on BFS. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th.
In other news, VP Steven N. Corey sold 11,250 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $63.26, for a total transaction of $711,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Netter sold 4,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $63.31, for a total transaction of $253,240.00. The disclosure for this sale can be found here. Insiders have sold 37,328 shares of company stock valued at $2,335,487 in the last ninety days. Insiders own 48.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BFS. Teachers Advisors LLC grew its holdings in shares of Saul Centers by 0.3% during the first quarter. Teachers Advisors LLC now owns 144,659 shares of the real estate investment trust’s stock worth $8,914,000 after buying an additional 382 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Saul Centers by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after purchasing an additional 46,999 shares during the period. Geode Capital Management LLC grew its holdings in shares of Saul Centers by 4.4% in the first quarter. Geode Capital Management LLC now owns 114,749 shares of the real estate investment trust’s stock valued at $7,070,000 after purchasing an additional 4,863 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Saul Centers by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock valued at $11,198,000 after purchasing an additional 4,844 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Saul Centers by 8,480.0% in the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock valued at $104,953,000 after purchasing an additional 1,683,373 shares during the period. 44.97% of the stock is owned by institutional investors and hedge funds.
Saul Centers (NYSE:BFS) traded up $0.05 on Friday, hitting $62.34. 47,389 shares of the company traded hands, compared to its average volume of 31,085. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. Saul Centers has a 1 year low of $55.86 and a 1 year high of $68.33. The firm has a market cap of $1,365.25, a PE ratio of 19.79, a P/E/G ratio of 3.87 and a beta of 0.71.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, October 16th. Saul Centers’s payout ratio is presently 125.15%.
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Saul Centers Company Profile
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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