Zacks Investment Research upgraded shares of Saul Centers (NYSE:BFS) from a sell rating to a hold rating in a research note published on Monday, reports.

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. “

NYSE BFS opened at $52.27 on Monday. The company has a debt-to-equity ratio of 4.17, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $1.20 billion, a P/E ratio of 16.81, a PEG ratio of 3.21 and a beta of 1.00. Saul Centers has a 52 week low of $45.49 and a 52 week high of $60.65.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, April 15th. This represents a $2.12 annualized dividend and a dividend yield of 4.06%. Saul Centers’s dividend payout ratio (DPR) is presently 68.17%.

In related news, Director Mark Sullivan III sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total transaction of $132,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. acquired a new position in Saul Centers during the 4th quarter valued at approximately $71,000. Municipal Employees Retirement System of Michigan acquired a new position in Saul Centers during the 4th quarter valued at approximately $162,000. Oregon Public Employees Retirement Fund acquired a new position in Saul Centers during the 4th quarter valued at approximately $207,000. Metropolitan Life Insurance Co. NY increased its stake in Saul Centers by 203.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,466 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Saul Centers during the 3rd quarter valued at approximately $266,000. Institutional investors and hedge funds own 46.68% of the company’s stock.

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 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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