Saul Centers (BFS) Earns Neutral Rating from Analysts at B. Riley

Investment analysts at B. Riley began coverage on shares of Saul Centers (NYSE:BFS) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a “neutral” rating and a $54.00 price target on the real estate investment trust’s stock. B. Riley’s price objective indicates a potential upside of 8.76% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. DA Davidson set a $55.00 price target on shares of Saul Centers and gave the company a “hold” rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.50.

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Shares of BFS opened at $49.65 on Thursday. Saul Centers has a 52-week low of $48.11 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $1,128.60, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.17 and a beta of 0.66.

Saul Centers (NYSE:BFS) last announced its 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 return on equity of 23.40% and a net margin of 21.23%. The business had revenue of $56.68 million for the quarter, compared to analyst estimates of $55.50 million. analysts forecast that Saul Centers will post 3.24 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in BFS. BNP Paribas Arbitrage SA boosted its position in shares of Saul Centers by 30.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,640 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 2,237 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Saul Centers by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 1,660 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Saul Centers during the 3rd quarter valued at about $163,000. JPMorgan Chase & Co. boosted its position in shares of Saul Centers by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,671 shares of the real estate investment trust’s stock valued at $6,666,000 after acquiring an additional 2,625 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Saul Centers by 2.1% during the 3rd quarter. Wells Fargo & Company MN now owns 224,013 shares of the real estate investment trust’s stock valued at $13,868,000 after acquiring an additional 4,639 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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