Saul Centers (NYSE:BFS) Upgraded at StockNews.com

StockNews.com upgraded shares of Saul Centers (NYSE:BFS) from a hold rating to a buy rating in a report released on Tuesday morning.

Separately, B. Riley increased their price target on shares of 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 Stock Performance

BFS opened at $39.78 on Tuesday. The business’s 50-day simple moving average is $40.40 and its 200 day simple moving average is $38.80. Saul Centers has a 52-week low of $34.87 and a 52-week 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 firm has a market capitalization of $961.48 million, a PE ratio of 21.59 and a beta of 1.11.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.59 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $2.36 dividend on an annualized basis and a yield of 5.93%. Saul Centers’s dividend payout ratio (DPR) is currently 128.26%.

Hedge Funds Weigh In On Saul Centers

Several institutional investors and hedge funds have recently made changes to their positions in BFS. DiNuzzo Private Wealth Inc. acquired a new position in Saul Centers in the 3rd quarter valued at $25,000. Whittier Trust Co. acquired a new position in shares of Saul Centers in the second quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Saul Centers during the second quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,262 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Saul Centers in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

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.