Saul Centers (NYSE:BFS) Rating Lowered to “Hold” at StockNews.com

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

Separately, B. Riley lifted their target price 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 Trading Up 0.1 %

Shares of NYSE BFS opened at $40.59 on Wednesday. The firm has a 50 day moving average price of $40.36 and a two-hundred day moving average price of $38.90. The stock has a market cap of $981.06 million, a P/E ratio of 22.06 and a beta of 1.11. Saul Centers has a 52-week low of $34.87 and a 52-week high of $42.39. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. DiNuzzo Private Wealth Inc. bought a new position in Saul Centers during the third quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Saul Centers in the 2nd quarter worth about $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Saul Centers in the 2nd quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 2,262 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Saul Centers during the third quarter worth approximately $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.