Saul Centers, Inc. (NYSE:BFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
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. “
A number of other analysts also recently weighed in on the company. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Saul Centers currently has an average rating of “Hold” and a consensus target price of $72.00.
Shares of Saul Centers (BFS) traded down 0.77% on Thursday, reaching $60.36. The company’s stock had a trading volume of 32,214 shares. Saul Centers has a 12 month low of $55.86 and a 12 month high of $68.75. The stock has a market cap of $1.32 billion, a P/E ratio of 38.18 and a beta of 0.73. The firm’s 50-day moving average price is $59.34 and its 200-day moving average price is $61.10.
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In related news, VP Steven N. Corey sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $59.04, for a total value of $295,200.00. Following the completion of the sale, the vice president now owns 5,000 shares in the company, valued at approximately $295,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 15,000 shares of company stock valued at $885,800 in the last 90 days. 48.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its position in shares of Saul Centers by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 25 shares during the period. Prudential Financial Inc. boosted its position in shares of Saul Centers by 0.3% in the second quarter. Prudential Financial Inc. now owns 21,878 shares of the real estate investment trust’s stock worth $1,268,000 after buying an additional 58 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in shares of Saul Centers by 1.6% in the second quarter. Arizona State Retirement System now owns 6,206 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 100 shares during the period. Finally, Texas Permanent School Fund boosted its position in Saul Centers by 1.3% in the second quarter. Texas Permanent School Fund now owns 8,633 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 110 shares during the period. 46.44% of the stock is currently owned by institutional investors and hedge funds.
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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