Saul Centers (NYSE:BFS) Rating Lowered to Sell at Zacks Investment Research

Saul Centers (NYSE:BFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. “

A number of other equities research analysts also recently weighed in on the stock. B. Riley began coverage on shares of Saul Centers in a research note on Tuesday, November 26th. They set a “hold” rating and a $58.00 price target for the company. ValuEngine upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

Saul Centers stock opened at $51.70 on Monday. The company has a market cap of $1.19 billion, a PE ratio of 16.62 and a beta of 0.87. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 3.97. Saul Centers has a 1 year low of $45.49 and a 1 year high of $58.49. The company’s 50-day moving average is $53.40 and its two-hundred day moving average is $53.78.

In other news, VP Charles W. Sherren, Jr. sold 3,993 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $53.00, for a total value of $211,629.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 48.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of BFS. Nuveen Asset Management LLC bought a new stake in shares of Saul Centers in the 2nd quarter valued at about $13,164,000. Panagora Asset Management Inc. acquired a new position in Saul Centers during the second quarter valued at approximately $2,338,000. Price T Rowe Associates Inc. MD grew its holdings in Saul Centers by 3.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,189,920 shares of the real estate investment trust’s stock valued at $66,790,000 after purchasing an additional 38,367 shares during the period. Renaissance Technologies LLC increased its stake in Saul Centers by 6.7% in the second quarter. Renaissance Technologies LLC now owns 501,374 shares of the real estate investment trust’s stock valued at $28,142,000 after purchasing an additional 31,700 shares in the last quarter. Finally, Man Group plc increased its stake in Saul Centers by 61.3% in the third quarter. Man Group plc now owns 82,387 shares of the real estate investment trust’s stock valued at $4,491,000 after purchasing an additional 31,300 shares in the last quarter. Institutional investors own 46.28% of the company’s stock.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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