Saul Centers (NYSE:BFS) Rating Increased to Buy at StockNews.com

Saul Centers (NYSE:BFS - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

Separately, B. Riley boosted their price target on Saul Centers from $43.50 to $45.50 and gave the company a "buy" rating in a research note on Thursday, August 22nd.

Saul Centers Trading Down 1.2 %

Shares of NYSE BFS traded down $0.50 during mid-day trading on Thursday, reaching $40.35. The company had a trading volume of 35,504 shares, compared to its average volume of 51,898. The stock has a market cap of $975.30 million, a price-to-earnings ratio of 22.02 and a beta of 1.11. The business's 50-day moving average is $40.39 and its 200-day moving average is $39.06. Saul Centers has a 52 week low of $34.87 and a 52 week high of $42.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61.

Hedge Funds Weigh In On Saul Centers

A number of hedge funds have recently modified their holdings of BFS. Inspire Investing LLC increased its position in Saul Centers by 3.3% during the second quarter. Inspire Investing LLC now owns 9,668 shares of the real estate investment trust's stock worth $355,000 after purchasing an additional 310 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Saul Centers during the 3rd quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Saul Centers by 31.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 868 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Saul Centers by 9.9% during the second quarter. Texas Permanent School Fund Corp now owns 11,383 shares of the real estate investment trust's stock valued at $419,000 after acquiring an additional 1,028 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Saul Centers by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,813 shares of the real estate investment trust's stock valued at $1,302,000 after buying an additional 1,477 shares during the period. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

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.