StockNews.com Upgrades Saul Centers (NYSE:BFS) to “Buy”

Saul Centers (NYSE:BFS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Separately, B. Riley lifted their price target on shares of Saul Centers from $43.50 to $45.50 and gave the company a “buy” rating in a report on Thursday, August 22nd.

Saul Centers Trading Up 0.4 %

Shares of Saul Centers stock opened at $40.85 on Thursday. The firm has a market capitalization of $987.34 million, a PE ratio of 22.20 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61. The firm’s 50 day moving average is $40.39 and its 200 day moving average is $39.06. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39.

Institutional Investors Weigh In On Saul Centers

A number of institutional investors have recently added to or reduced their stakes in BFS. Price T Rowe Associates Inc. MD lifted its position in shares of Saul Centers by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,813 shares of the real estate investment trust’s stock worth $1,302,000 after purchasing an additional 1,477 shares during the period. Whittier Trust Co. acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 2,262 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $597,000. Finally, Quest Partners LLC lifted its position in shares of Saul Centers by 1,186,500.0% in the 2nd quarter. Quest Partners LLC now owns 11,866 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 11,865 shares during the period. 49.99% of the stock is owned by institutional investors.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.