Saul Centers Inc (BFS) Receives Consensus Recommendation of “Buy” from Brokerages

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.

In related news, VP Charles W. Sherren, Jr. sold 2,453 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.72, for a total value of $151,399.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven N. Corey sold 11,250 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $63.26, for a total transaction of $711,675.00. The disclosure for this sale can be found here. In the last three months, insiders sold 47,355 shares of company stock worth $2,980,986. 48.80% of the stock is currently owned by insiders.

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.

COPYRIGHT VIOLATION NOTICE: “Saul Centers Inc (BFS) Receives Consensus Recommendation of “Buy” from Brokerages” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3080628/saul-centers-inc-bfs-receives-consensus-recommendation-of-buy-from-brokerages.html.

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.

Get a free copy of the Zacks research report on Saul Centers (BFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Saul Centers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.