Saul Centers, Inc. (BFS) Upgraded to “Hold” by Zacks Investment Research
Saul Centers, Inc. (NYSE:BFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. “
Separately, BidaskClub raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th.
Shares of Saul Centers (NYSE:BFS) traded up 0.50% during midday trading on Wednesday, hitting $60.53. The stock had a trading volume of 21,317 shares. The company’s 50 day moving average price is $58.84 and its 200-day moving average price is $61.57. The firm has a market capitalization of $1.30 billion, a PE ratio of 38.80 and a beta of 0.73. Saul Centers has a 1-year low of $55.86 and a 1-year high of $68.75.
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In other Saul Centers news, Director Patrick F. Noonan sold 5,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the transaction, the director now directly owns 12,588 shares of the company’s stock, valued at approximately $730,104. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 15,000 shares of company stock worth $885,800. 48.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in Saul Centers by 79.3% in the second 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 buying an additional 1,031 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Saul Centers by 4.9% in the second 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 buying an additional 130 shares in the last quarter. Mason Street Advisors LLC boosted its position in Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 180 shares in the last quarter. Karp Capital Management Corp bought a new position in Saul Centers during the first quarter valued at $222,000. Finally, Aperio Group LLC boosted its position in Saul Centers by 6.2% in the second quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 225 shares in the last quarter. 46.56% of the stock is currently owned by hedge funds and other institutional investors.
About Saul Centers
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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