ValuEngine upgraded shares of Saul Centers (NYSE:BFS) from a sell rating to a hold rating in a research report released on Wednesday morning.

A number of other analysts have also recently weighed in on BFS. Zacks Investment Research raised shares of Saul Centers from a sell rating to a hold rating in a report on Friday, August 10th. B. Riley increased their price objective on shares of Saul Centers from $54.00 to $58.00 and gave the stock a neutral rating in a report on Wednesday, August 8th. Five equities research analysts have rated the stock with a hold rating, Saul Centers presently has a consensus rating of Hold and an average target price of $56.50.

BFS stock opened at $59.64 on Wednesday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.96 and a current ratio of 1.96. Saul Centers has a fifty-two week low of $46.71 and a fifty-two week high of $65.43. The stock has a market capitalization of $1.25 billion, a P/E ratio of 18.75, a PEG ratio of 3.60 and a beta of 0.66.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, July 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.49%. Saul Centers’s dividend payout ratio (DPR) is presently 65.41%.

In other Saul Centers news, Director Philip D. Caraci sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $58.00, for a total transaction of $63,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott V. Schneider sold 3,500 shares of the firm’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $54.59, for a total transaction of $191,065.00. Following the transaction, the insider now directly owns 4,500 shares in the company, valued at approximately $245,655. The disclosure for this sale can be found here. 49.60% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in BFS. Deutsche Bank AG increased its stake in Saul Centers by 110.4% during 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 buying an additional 15,435 shares during the period. Millennium Management LLC increased its stake in Saul Centers by 50.8% during 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 buying an additional 12,762 shares during the period. MetLife Investment Advisors LLC acquired a new position in Saul Centers during the 4th quarter valued at about $334,000. Dupont Capital Management Corp acquired a new position in Saul Centers during the 1st quarter valued at about $427,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Saul Centers by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 135,694 shares of the real estate investment trust’s stock valued at $6,917,000 after buying an additional 6,268 shares during the period. 44.72% of the stock is currently owned by hedge funds and other institutional investors.

Saul Centers Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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