Saul Centers (NYSE:BFS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Saul Centers (NYSE:BFS) from a buy rating to a hold rating in a research note released on Friday morning.

Separately, B. Riley lifted their target price on shares of Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd.

Saul Centers Price Performance

NYSE:BFS opened at $41.48 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 22.68 and a beta of 1.11. The stock has a 50 day moving average of $40.46 and a two-hundred day moving average of $38.60. Saul Centers has a 12 month low of $34.53 and a 12 month high of $42.39. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.40.

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Tuesday, October 15th. Saul Centers’s dividend payout ratio is currently 128.26%.

Institutional Investors Weigh In On Saul Centers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. acquired a new position in Saul Centers during the third quarter worth $25,000. Whittier Trust Co. acquired a new position in shares of Saul Centers during the 2nd quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Saul Centers in the second quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Saul Centers by 235.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Saul Centers during the first quarter worth about $224,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.