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

Saul Centers (NYSE:BFS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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

Saul Centers Stock Performance

Shares of BFS opened at $40.59 on Wednesday. Saul Centers has a one year low of $34.87 and a one year high of $42.39. The company has a market cap of $981.06 million, a PE ratio of 22.06 and a beta of 1.11. The stock has a 50-day moving average of $40.36 and a 200-day moving average of $38.90. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On Saul Centers

Large investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Saul Centers by 280.0% during the third quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust’s stock valued at $878,000 after purchasing an additional 15,424 shares during the last quarter. Zacks Investment Management bought a new stake in Saul Centers during the 3rd quarter worth approximately $702,000. Jane Street Group LLC increased its holdings in shares of Saul Centers by 75.7% in the third quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust’s stock worth $1,437,000 after purchasing an additional 14,755 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Saul Centers by 31.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 868 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Saul Centers by 10.9% in the third quarter. Martingale Asset Management L P now owns 16,941 shares of the real estate investment trust’s stock valued at $711,000 after purchasing an additional 1,664 shares in the last quarter. 49.99% of the stock is currently owned by institutional investors.

About Saul Centers

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.