Saul Centers (NYSE:BFS) Downgraded by StockNews.com

StockNews.com lowered shares of Saul Centers (NYSE:BFSFree Report) from a buy rating to a hold rating in a report released on Friday morning.

Separately, B. Riley initiated coverage on Saul Centers in a report on Thursday, April 11th. They issued a buy rating and a $43.50 price objective for the company.

Check Out Our Latest Report on BFS

Saul Centers Stock Performance

Shares of BFS stock opened at $36.36 on Friday. The stock has a market cap of $871.91 million, a PE ratio of 21.02 and a beta of 1.08. The business has a 50-day simple moving average of $37.14 and a 200-day simple moving average of $37.35. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.34. Saul Centers has a 52-week low of $32.13 and a 52-week high of $41.04.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.59 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.36 annualized dividend and a dividend yield of 6.49%. Saul Centers’s dividend payout ratio is presently 136.42%.

Insider Activity at Saul Centers

In related news, Director James Page Lansdale sold 5,502 shares of Saul Centers stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $37.89, for a total value of $208,470.78. Following the completion of the transaction, the director now owns 1,298 shares in the company, valued at approximately $49,181.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Saul Centers news, Director James Page Lansdale sold 5,502 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.89, for a total transaction of $208,470.78. Following the completion of the sale, the director now directly owns 1,298 shares in the company, valued at approximately $49,181.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO David Todd Pearson acquired 2,300 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $36.52 per share, with a total value of $83,996.00. Following the completion of the purchase, the chief operating officer now owns 6,204 shares in the company, valued at approximately $226,570.08. The disclosure for this purchase can be found here. 56.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saul Centers

Several large investors have recently bought and sold shares of BFS. Advisory Services Network LLC purchased a new stake in shares of Saul Centers in the first quarter valued at approximately $28,000. Tower Research Capital LLC TRC grew its position in shares of Saul Centers by 65.1% in the first quarter. Tower Research Capital LLC TRC now owns 898 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 354 shares in the last quarter. FMR LLC grew its position in shares of Saul Centers by 43.9% in the first quarter. FMR LLC now owns 1,197 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 365 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Saul Centers in the third quarter valued at approximately $99,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Saul Centers in the second quarter valued at approximately $136,000. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Company Profile

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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.

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