Saul Centers Inc (BFS) Given Average Rating of “Buy” by Analysts

Shares of Saul Centers Inc (NYSE:BFS) have received an average broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 12 month consensus target price of $69.50 for the company and are anticipating that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 248 out of 265 based on the ratings given to related companies.

BFS has been the topic of a number of research reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th.

In other Saul Centers news, insider James Page Lansdale sold 2,372 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total value of $148,250.00. Following the sale, the insider now directly owns 2,972 shares in the company, valued at $185,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 20,999 shares of company stock worth $1,329,716 over the last quarter. Company insiders own 48.80% of the company’s stock.

A number of large investors have recently made changes to their positions in BFS. SG Americas Securities LLC bought a new stake in Saul Centers in the third quarter valued at $163,000. QS Investors LLC grew its position in Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,800 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Saul Centers in the third quarter valued at $209,000. Voya Investment Management LLC bought a new stake in Saul Centers in the second quarter valued at $239,000. Finally, Municipal Employees Retirement System of Michigan grew its position in 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 during the period. Hedge funds and other institutional investors own 45.40% of the company’s stock.

Shares of Saul Centers (NYSE:BFS) opened at $51.55 on Monday. The stock has a market capitalization of $1,128.94, a P/E ratio of 31.63, a PEG ratio of 3.13 and a beta of 0.60. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers has a 1 year low of $50.30 and a 1 year high of $66.14.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.03%. This is a boost from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, January 16th. Saul Centers’s dividend payout ratio is 127.61%.

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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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