Saul Centers (BFS) Lowered to “Sell” at ValuEngine

Saul Centers (NYSE:BFS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other equities analysts have also weighed in on BFS. B. Riley lifted their price target on Saul Centers from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.33.

Shares of Saul Centers stock opened at $49.22 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 4.27. Saul Centers has a twelve month low of $46.71 and a twelve month high of $65.32. The stock has a market capitalization of $1.07 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.82.

In related news, Director Philip D. Caraci sold 1,100 shares of Saul Centers stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $58.00, for a total value of $63,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Debra Noreen Stencel sold 501 shares of Saul Centers stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $59.65, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 14,584 shares of company stock valued at $863,999. 48.80% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new stake in Saul Centers during the 2nd quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 worth $167,000 after buying an additional 1,850 shares in the last quarter. Royal Bank of Canada increased its stake 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 worth $392,000 after buying an additional 2,124 shares in the last quarter. State of Alaska Department of Revenue increased its stake 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 worth $447,000 after buying an additional 4,470 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Saul Centers during the 2nd quarter worth approximately $560,000. Institutional investors own 45.32% of the company’s stock.

About Saul Centers

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.

See Also: Ex-Dividend

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