Shares of Saul Centers Inc (NYSE:BFS) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus target price of $69.50 for the company and are forecasting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 243 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on BFS shares. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.
In other news, insider James Page Lansdale sold 11,027 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $64.06, for a total transaction of $706,389.62. Following the completion of the sale, the insider now owns 11,627 shares of the company’s stock, valued at $744,825.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 20,999 shares of company stock valued at $1,329,716. Company insiders own 48.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Saul Centers during the third quarter valued at approximately $163,000. QS Investors LLC grew its stake in shares of Saul Centers by 400.0% during the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Saul Centers during the third quarter valued at approximately $209,000. Voya Investment Management LLC bought a new stake in shares of Saul Centers during the second quarter valued at approximately $239,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Saul Centers by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 1,660 shares during the last quarter. 45.40% of the stock is owned by institutional investors.
Saul Centers (BFS) traded up $1.00 during midday trading on Friday, hitting $51.55. 24,300 shares of the stock traded hands, compared to its average volume of 35,257. The firm has a market capitalization of $1,144.28, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 3.18 and a beta of 0.60. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers has a 12 month low of $50.30 and a 12 month high of $66.14.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued 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 dividend yield of 4.03%. Saul Centers’s dividend payout ratio (DPR) is presently 127.61%.
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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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