Saul Centers (NYSE:BFS) Lowered to Hold Rating by 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 morning.

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

Saul Centers Stock Performance

BFS opened at $38.52 on Wednesday. The firm has a fifty day moving average price of $40.20 and a 200 day moving average price of $39.31. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The stock has a market cap of $931.07 million, a P/E ratio of 20.93 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.59 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $2.36 annualized dividend and a dividend yield of 6.13%. Saul Centers’s dividend payout ratio (DPR) is 128.26%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BFS. DiNuzzo Private Wealth Inc. acquired a new stake in Saul Centers during the 3rd quarter worth $25,000. Whittier Trust Co. acquired a new position in Saul Centers during the second quarter worth about $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Saul Centers during the 2nd quarter valued at about $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 Saul Centers during the third quarter worth $202,000. 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.