DA Davidson Analysts Give Saul Centers (BFS) a $55.00 Price Target
Saul Centers (NYSE:BFS) has been given a $55.00 target price by DA Davidson in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. DA Davidson’s target price indicates a potential upside of 10.89% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a report on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.00.
Saul Centers (NYSE BFS) opened at $49.60 on Monday. The firm has a market capitalization of $1,091.20, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 3.04 and a beta of 0.69. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 4.50. Saul Centers has a fifty-two week low of $48.11 and a fifty-two week high of $65.43.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in Saul Centers in the 4th quarter valued at $334,000. Millennium Management LLC increased its stake in shares of Saul Centers by 50.8% in the 4th quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock valued at $2,339,000 after purchasing an additional 12,762 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Saul Centers by 2.1% in the 4th quarter. Teachers Advisors LLC now owns 164,293 shares of the real estate investment trust’s stock valued at $10,145,000 after purchasing an additional 3,377 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Saul Centers by 110.4% in the 4th quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock valued at $1,815,000 after purchasing an additional 15,435 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in shares of Saul Centers in the 4th quarter valued at $284,000. 45.62% of the stock is owned by hedge funds and other institutional investors.
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Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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