Saul Centers, Inc. (NYSE:BFS) Upgraded at BMO Capital Markets
BMO Capital Markets upgraded shares of Saul Centers, Inc. (NYSE:BFS) from a market perform rating to an outperform rating in a report released on Monday, The Fly reports.
A number of other research firms also recently weighed in on BFS. Zacks Investment Research raised Saul Centers from a sell rating to a hold rating in a research note on Wednesday, July 26th. BidaskClub raised Saul Centers from a sell rating to a hold rating in a research note on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Saul Centers has an average rating of Hold and an average price target of $72.00.
Shares of Saul Centers (NYSE:BFS) opened at 60.83 on Monday. The firm’s 50-day moving average price is $59.34 and its 200-day moving average price is $61.10. Saul Centers has a 52 week low of $55.86 and a 52 week high of $68.75. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 39.19 and a beta of 0.73.
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The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Thursday, July 13th. Saul Centers’s dividend payout ratio (DPR) is currently 129.11%.
In related news, insider Scott V. Schneider sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $60.12, for a total transaction of $300,600.00. Following the sale, the insider now owns 4,500 shares of the company’s stock, valued at approximately $270,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 15,000 shares of company stock worth $885,800 in the last ninety days. 48.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Saul Centers by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,031 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Saul Centers by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 130 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 180 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Saul Centers during the first quarter valued at approximately $222,000. Finally, Aperio Group LLC increased its stake in shares of Saul Centers by 6.2% in the second quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 225 shares during the last quarter. 46.44% of the stock is currently owned by institutional investors and hedge funds.
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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