Saul Centers (NYSE:BFS) Cut to Hold at StockNews.com

StockNews.com cut shares of Saul Centers (NYSE:BFS) from a buy rating to a hold rating in a report released on Wednesday.

Separately, B. Riley lifted their target price 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 Trading Up 0.5 %

Shares of NYSE:BFS opened at $41.11 on Wednesday. The business’s 50 day moving average price is $40.40 and its 200-day moving average price is $38.98. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The firm has a market capitalization of $993.63 million, a price-to-earnings ratio of 22.34 and a beta of 1.11. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date was Tuesday, October 15th. Saul Centers’s dividend payout ratio is presently 128.26%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Saul Centers during the third quarter worth $25,000. Whittier Trust Co. acquired a new stake in Saul Centers in the 2nd quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Saul Centers in the 2nd quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Saul Centers by 235.4% during the 2nd 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, The Manufacturers Life Insurance Company acquired a new position in shares of Saul Centers during the 3rd quarter worth approximately $202,000. 49.99% of the stock is owned by institutional investors and hedge funds.

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.