Wells Fargo & Company MN grew its stake in shares of Saul Centers Inc (NYSE:BFS) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,026 shares of the real estate investment trust’s stock after purchasing an additional 6,013 shares during the quarter. Wells Fargo & Company MN owned approximately 1.05% of Saul Centers worth $14,203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Saul Centers in the third quarter valued at about $163,000. Crossmark Global Holdings Inc. bought a new stake in shares of Saul Centers in the third quarter valued at about $209,000. Voya Investment Management LLC bought a new stake in shares of Saul Centers in the second quarter valued at about $239,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Saul Centers by 59.7% in 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 acquiring an additional 1,660 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Saul Centers in the fourth quarter valued at about $277,000. 46.40% of the stock is owned by hedge funds and other institutional investors.
BFS has been the subject of several recent research reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a report on Monday, December 4th. Finally, DA Davidson set a $55.00 price objective on Saul Centers and gave the company a “hold” rating in a report on Monday, March 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.00.
Saul Centers Inc (NYSE BFS) opened at $50.48 on Friday. The company has a market cap of $1,112.32, a PE ratio of 30.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.69. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 4.50. Saul Centers Inc has a fifty-two week low of $48.11 and a fifty-two week high of $65.43.
Saul Centers (NYSE:BFS) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). The firm had revenue of $56.68 million during the quarter, compared to the consensus estimate of $55.50 million. Saul Centers had a return on equity of 23.40% and a net margin of 21.23%. equities analysts predict that Saul Centers Inc will post 3.25 EPS for the current fiscal year.
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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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