Zacks Investment Research cut shares of Saul Centers (NYSE:BFS) from a buy rating to a hold rating in a report released on Monday.

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. “

BFS has been the topic of a number of other research reports. ValuEngine cut Saul Centers from a hold rating to a sell rating in a research note on Thursday, October 4th. B. Riley boosted their price target on Saul Centers from $54.00 to $58.00 and gave the stock a neutral rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $57.33.

Shares of BFS opened at $51.56 on Monday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 3.35 and a beta of 0.68. Saul Centers has a 12 month low of $46.71 and a 12 month high of $65.32. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.96 and a current ratio of 1.96.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Tuesday, October 16th. Saul Centers’s dividend payout ratio (DPR) is 65.41%.

In related news, VP Debra Noreen Stencel sold 501 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $59.65, for a total value of $29,884.65. Following the transaction, the vice president now owns 501 shares in the company, valued at $29,884.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip D. Caraci sold 1,100 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $58.00, for a total value of $63,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,584 shares of company stock worth $863,999. Insiders own 49.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new position in shares of Saul Centers in the second quarter worth about $151,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Saul Centers by 145.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 1,850 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Saul Centers by 38.1% in the first quarter. Royal Bank of Canada now owns 7,692 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 2,124 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Saul Centers by 114.9% in the second quarter. State of Alaska Department of Revenue now owns 8,361 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 4,470 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Saul Centers in the second quarter worth about $560,000. Institutional investors and hedge funds own 45.32% of the company’s stock.

Saul Centers Company Profile

Saul Centers, Inc operates as a real estate investment trust. Its business activity includes ownership, management and development of income producing properties. The company operates through two segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighborhood shopping centers which are anchored by supermarkets, discount department stores and drug stores.

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