Saul Centers (BFS) Upgraded by Zacks Investment Research to “Hold”

Saul Centers (NYSE:BFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

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, Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.

Saul Centers (NYSE:BFS) traded down $2.17 during midday trading on Monday, reaching $51.84. 50,229 shares of the company’s stock were exchanged, compared to its average volume of 34,922. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 4.62. The company has a market cap of $1,182.82, a P/E ratio of 31.80, a P/E/G ratio of 3.28 and a beta of 0.60. Saul Centers has a 52-week low of $51.30 and a 52-week high of $66.14.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.41). The business had revenue of $56.24 million during the quarter, compared to the consensus estimate of $56.75 million. Saul Centers had a net margin of 21.42% and a return on equity of 23.93%. research analysts forecast that Saul Centers will post 3.21 earnings per share for the current fiscal year.

In other Saul Centers news, insider James Page Lansdale sold 11,027 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $64.06, for a total value of $706,389.62. Following the completion of the sale, the insider now owns 11,627 shares of the company’s stock, valued at approximately $744,825.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 20,999 shares of company stock valued at $1,329,716 in the last three months. Insiders own 48.80% of the company’s stock.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Saul Centers in the 3rd quarter valued at approximately $163,000. Crossmark Global Holdings Inc. acquired a new position in shares of Saul Centers in the 3rd quarter valued at approximately $209,000. QS Investors LLC raised its position in shares of Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 2,800 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Saul Centers in the 2nd quarter valued at approximately $239,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Saul Centers by 59.7% in the 3rd 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 buying an additional 1,660 shares in the last quarter. Institutional investors own 45.40% of the company’s stock.

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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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