Saul Centers (NYSE:BFS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
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.
Get Our Latest Report on Saul Centers
Saul Centers Price Performance
NYSE BFS traded up $0.84 during trading on Friday, hitting $41.83. 49,963 shares of the stock traded hands, compared to its average volume of 53,112. The company has a market capitalization of $1.01 billion, a P/E ratio of 23.50 and a beta of 1.11. The firm has a 50-day simple moving average of $40.46 and a 200-day simple moving average of $38.57. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.40. Saul Centers has a 12-month low of $34.49 and a 12-month high of $42.19.
Institutional Trading of Saul Centers
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Saul Centers by 12.2% in the first quarter. BNP Paribas Financial Markets now owns 11,283 shares of the real estate investment trust's stock worth $434,000 after buying an additional 1,230 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Saul Centers in the first quarter worth about $224,000. Russell Investments Group Ltd. boosted its stake in shares of Saul Centers by 35.2% in the first quarter. Russell Investments Group Ltd. now owns 14,035 shares of the real estate investment trust's stock worth $540,000 after buying an additional 3,651 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Saul Centers in the first quarter worth about $297,000. Finally, Centersquare Investment Management LLC boosted its stake in shares of Saul Centers by 72.0% in the first quarter. Centersquare Investment Management LLC now owns 13,930 shares of the real estate investment trust's stock worth $507,000 after buying an additional 5,830 shares during the last quarter. Hedge funds and other institutional investors own 49.99% of the company's stock.
About Saul Centers
(
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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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