Saul Centers (BFS) Receives “Hold” Rating from Raymond James Financial
BFS has been the subject of several other research reports. Zacks Investment Research raised shares of Saul Centers from a sell rating to a hold rating in a report on Tuesday, September 12th. BMO Capital Markets raised shares of Saul Centers from a market perform rating to an outperform rating in a report on Monday, August 7th. Finally, BidaskClub raised shares of Saul Centers from a sell rating to a hold rating in a report on Wednesday, August 9th.
Shares of Saul Centers (NYSE:BFS) traded down $0.43 during trading on Monday, reaching $63.99. 47,300 shares of the company traded hands, compared to its average volume of 33,802. The company has a market cap of $1,410.80, a P/E ratio of 20.45, a P/E/G ratio of 4.00 and a beta of 0.72. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68. Saul Centers has a one year low of $55.86 and a one year high of $68.33.
In other Saul Centers news, insider Donald A. Hachey sold 4,606 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $62.50, for a total transaction of $287,875.00. Following the completion of the transaction, the insider now owns 625 shares of the company’s stock, valued at approximately $39,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick F. Noonan sold 5,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $61.15, for a total transaction of $305,750.00. The disclosure for this sale can be found here. Insiders sold a total of 36,328 shares of company stock valued at $2,274,597 in the last ninety days. 48.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in shares of Saul Centers by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,031 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Saul Centers during the 3rd quarter valued at about $163,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Saul Centers by 4.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Saul Centers during the 3rd quarter valued at about $209,000. Finally, QS Investors LLC boosted its holdings in shares of Saul Centers by 400.0% during the 2nd 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. 45.48% of the stock is owned by institutional investors and hedge funds.
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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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