Zacks Investment Research upgraded shares of Saul Centers, Inc. (NYSE:BFS) from a sell rating to a hold rating in a research report report published on Tuesday.
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. “
BFS has been the topic of a number of other reports. BidaskClub lowered Saul Centers from a hold rating to a sell rating in a report on Friday, July 28th. BMO Capital Markets upgraded Saul Centers from a market perform rating to an outperform rating in a report on Monday, August 7th.
Saul Centers (NYSE BFS) opened at 62.11 on Tuesday. The company’s 50 day moving average price is $60.33 and its 200-day moving average price is $60.39. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.33. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 39.29 and a beta of 0.72.
In other Saul Centers news, VP Charles W. Sherren, Jr. sold 2,453 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.72, for a total value of $151,399.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip D. Caraci sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $60.89, for a total value of $60,890.00. The disclosure for this sale can be found here. Insiders have sold 8,453 shares of company stock worth $507,489 over the last quarter. 48.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in Saul Centers by 29.4% in the second quarter. Public Employees Retirement System of Ohio now owns 16,998 shares of the real estate investment trust’s stock worth $986,000 after buying an additional 3,864 shares during the last quarter. California State Teachers Retirement System increased its position in Saul Centers by 4.2% in the second quarter. California State Teachers Retirement System now owns 19,725 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Saul Centers by 19.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,672 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 1,590 shares during the last quarter. QS Investors LLC increased its position in Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,800 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in Saul Centers in the second quarter worth $239,000. 45.16% of the stock is owned by institutional investors and hedge funds.
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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