Saul Centers (NYSE:BFS) Downgraded by StockNews.com to Hold

Saul Centers (NYSE:BFS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, B. Riley raised their price objective on Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research report on Thursday, August 22nd.

Saul Centers Price Performance

Shares of BFS stock opened at $41.83 on Friday. The stock has a 50 day moving average of $40.46 and a two-hundred day moving average of $38.59. The company has a current ratio of 0.83, a quick 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. The company has a market capitalization of $1.01 billion, a P/E ratio of 23.50 and a beta of 1.11.

Institutional Trading of Saul Centers

A number of hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in shares of Saul Centers in the 1st quarter worth approximately $1,293,000. Los Angeles Capital Management LLC acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $597,000. Susquehanna Fundamental Investments LLC raised its holdings in shares of Saul Centers by 55.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 3,255 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $228,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $1,060,000. Institutional investors own 49.99% of the company’s stock.

About Saul Centers

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.