Saul Centers (BFS) Downgraded by Zacks Investment Research

Saul Centers (NYSE:BFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

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. “

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Other equities analysts have also issued reports about the company. DA Davidson set a $55.00 price target on Saul Centers and gave the company a “hold” rating in a research note on Monday, March 5th. Raymond James Financial reiterated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.00.

Shares of Saul Centers (NYSE:BFS) traded down $0.56 on Friday, reaching $49.71. The company had a trading volume of 28,941 shares, compared to its average volume of 34,780. Saul Centers has a 1 year low of $48.11 and a 1 year high of $65.43. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 4.50. The company has a market capitalization of $1,108.36, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69.

Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.39). Saul Centers had a net margin of 21.23% and a return on equity of 23.40%. The firm had revenue of $56.68 million for the quarter, compared to the consensus estimate of $55.50 million. equities research analysts expect that Saul Centers will post 3.25 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Saul Centers by 4.2% in the 2nd quarter. California State Teachers Retirement System now owns 19,725 shares of the real estate investment trust’s stock valued at $1,144,000 after purchasing an additional 800 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of Saul Centers by 7.1% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 18,925 shares of the real estate investment trust’s stock valued at $1,172,000 after purchasing an additional 1,250 shares during the period. Bank of Montreal Can grew its stake in shares of Saul Centers by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 1,554 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Saul Centers by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 191,713 shares of the real estate investment trust’s stock valued at $11,869,000 after purchasing an additional 1,596 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Saul Centers by 9.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,634 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 1,636 shares during the period. Institutional investors own 46.41% of the company’s stock.

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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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