Saul Centers (NYSE:BFS) 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 research report issued 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. “

Several other equities research analysts also recently issued reports on the stock. B. Riley assumed 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 on the stock. ValuEngine raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Saul Centers stock traded down $1.43 during midday trading on Monday, hitting $51.71. 40,169 shares of the stock were exchanged, compared to its average volume of 48,260. Saul Centers has a 1 year low of $45.49 and a 1 year high of $58.49. The firm has a market cap of $1.23 billion, a P/E ratio of 16.63 and a beta of 0.87. The company has a debt-to-equity ratio of 3.97, a current ratio of 2.70 and a quick ratio of 2.70. The company has a 50 day moving average price of $53.53 and a two-hundred day moving average price of $53.82.

In related news, VP Charles W. Sherren, Jr. sold 3,993 shares of Saul Centers stock in a transaction on Monday, October 7th. The shares were sold at an average price of $53.00, for a total transaction of $211,629.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 48.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BFS. Nuveen Asset Management LLC acquired a new position in Saul Centers during the 2nd quarter worth $13,164,000. Panagora Asset Management Inc. acquired a new position in Saul Centers during the 2nd quarter worth $2,338,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Saul Centers by 3.3% in the 2nd 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 buying an additional 38,367 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Saul Centers by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 501,374 shares of the real estate investment trust’s stock valued at $28,142,000 after buying an additional 31,700 shares during the period. Finally, Man Group plc boosted its holdings in shares of Saul Centers by 61.3% in the 3rd quarter. Man Group plc now owns 82,387 shares of the real estate investment trust’s stock valued at $4,491,000 after buying an additional 31,300 shares during the period. 46.28% of the stock is owned by institutional investors.

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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