Saul Centers Inc (NYSE:BFS) has been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 1 year consensus price objective of $69.50 for the company and are forecasting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 217 out of 265 based on the ratings given to its competitors.
A number of analysts have recently issued reports on BFS shares. BidaskClub raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a report on Monday.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Saul Centers by 7.2% in the second quarter. Legal & General Group Plc now owns 53,182 shares of the real estate investment trust’s stock worth $3,085,000 after buying an additional 3,582 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Saul Centers by 2.7% in the second quarter. BlackRock Inc. now owns 1,748,798 shares of the real estate investment trust’s stock worth $101,395,000 after buying an additional 45,574 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Saul Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 190,117 shares of the real estate investment trust’s stock worth $11,024,000 after buying an additional 8,385 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Saul Centers by 16.8% in the second quarter. New York State Common Retirement Fund now owns 12,500 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 1,799 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Saul Centers by 29.4% in the second quarter. Public Employees Retirement System of Ohio now owns 16,998 shares of the real estate investment trust’s stock worth $986,000 after buying an additional 3,864 shares during the last quarter. 45.48% of the stock is currently owned by institutional investors.
Shares of Saul Centers (NYSE:BFS) traded down $0.33 during midday trading on Monday, hitting $61.70. 29,751 shares of the stock were exchanged, compared to its average volume of 33,673. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market cap of $1,367.87, a P/E ratio of 19.83, a PEG ratio of 3.89 and a beta of 0.72. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.33.
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About Saul Centers
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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