Saul Centers (NYSE:BFS) Stock Rating Lowered by StockNews.com

Saul Centers (NYSE:BFS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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

Saul Centers Stock Down 0.8 %

Shares of BFS stock opened at $38.23 on Wednesday. Saul Centers has a 12 month low of $34.87 and a 12 month high of $42.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The firm has a market cap of $924.06 million, a PE ratio of 20.78 and a beta of 1.11. The stock has a 50 day moving average of $40.16 and a 200-day moving average of $39.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Saul Centers by 280.0% in the 3rd quarter. Barclays PLC now owns 20,932 shares of the real estate investment trust’s stock valued at $878,000 after purchasing an additional 15,424 shares in the last quarter. Zacks Investment Management bought a new stake in Saul Centers during the 3rd quarter worth approximately $702,000. Jane Street Group LLC increased its holdings in Saul Centers by 75.7% during the 3rd quarter. Jane Street Group LLC now owns 34,240 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 14,755 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Saul Centers by 31.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,648 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 868 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in Saul Centers by 10.9% in the third quarter. Martingale Asset Management L P now owns 16,941 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 49.99% of the company’s stock.

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.