Saul Centers (NYSE:BFS) had its price target raised by B. Riley from $54.00 to $58.00 in a report released on Wednesday. B. Riley currently has a neutral rating on the real estate investment trust’s stock. B. Riley also issued estimates for Saul Centers’ Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.10 EPS, Q2 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.86 EPS and FY2019 earnings at $3.37 EPS.

Separately, ValuEngine lowered Saul Centers from a hold rating to a sell rating in a report on Monday, July 16th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $56.50.

Shares of BFS opened at $55.56 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 2.30 and a debt-to-equity ratio of 4.27. Saul Centers has a 12 month low of $46.71 and a 12 month high of $65.43. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.58 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Monday, July 16th. Saul Centers’s payout ratio is currently 65.41%.

In other Saul Centers news, insider Scott V. Schneider sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $54.59, for a total value of $191,065.00. Following the sale, the insider now directly owns 4,500 shares of the company’s stock, valued at $245,655. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO B Francis Saul II acquired 750 shares of the company’s stock in a transaction on Thursday, May 31st. The stock was acquired at an average cost of $49.51 per share, for a total transaction of $37,132.50. Following the completion of the acquisition, the chief executive officer now owns 36,625 shares of the company’s stock, valued at approximately $1,813,303.75. The disclosure for this purchase can be found here. 48.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BFS. Geode Capital Management LLC lifted its position in shares of Saul Centers by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 125,454 shares of the real estate investment trust’s stock valued at $7,746,000 after acquiring an additional 4,618 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Saul Centers by 110.4% in the fourth quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock valued at $1,815,000 after acquiring an additional 15,435 shares in the last quarter. Millennium Management LLC lifted its position in shares of Saul Centers by 50.8% in the fourth quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock valued at $2,339,000 after acquiring an additional 12,762 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Saul Centers in the fourth quarter valued at approximately $334,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Saul Centers in the first quarter valued at approximately $427,000. 45.52% of the stock is currently owned by institutional investors.

About Saul Centers

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 58 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.

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