StockNews.com lowered shares of Saul Centers (NYSE:BFS - Free Report) from a buy rating to a hold rating in a research note published on Wednesday morning.
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.
Read Our Latest Report on Saul Centers
Saul Centers Stock Performance
Shares of NYSE BFS opened at $40.59 on Wednesday. Saul Centers has a 1 year low of $34.87 and a 1 year 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. The stock has a fifty day moving average price of $40.37 and a two-hundred day moving average price of $38.92. The firm has a market cap of $981.06 million, a P/E ratio of 22.06 and a beta of 1.11.
Saul Centers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Tuesday, October 15th. Saul Centers's payout ratio is 128.26%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BFS. Barclays PLC grew its holdings in shares of Saul Centers by 280.0% in the 3rd quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust's stock worth $878,000 after acquiring an additional 15,424 shares during the last quarter. Zacks Investment Management acquired a new position in shares of Saul Centers in the 3rd quarter valued at $702,000. Jane Street Group LLC increased its stake in Saul Centers by 75.7% in the 3rd quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust's stock worth $1,437,000 after purchasing an additional 14,755 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Saul Centers by 31.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust's stock worth $153,000 after buying an additional 868 shares during the period. Finally, Martingale Asset Management L P lifted its stake in Saul Centers by 10.9% during the third quarter. Martingale Asset Management L P now owns 16,941 shares of the real estate investment trust's stock valued at $711,000 after buying an additional 1,664 shares in the last quarter. Institutional investors own 49.99% of the company's stock.
About Saul Centers
(
Get Free Report)
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.
Read More
Before you consider Saul Centers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saul Centers wasn't on the list.
While Saul Centers currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
