Raymond James Financial Reaffirms “Hold” Rating for Saul Centers (BFS)

Raymond James Financial reaffirmed their hold rating on shares of Saul Centers (NYSE:BFS) in a research note issued to investors on Monday morning.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Saul Centers from a sell rating to a hold rating in a report on Thursday, November 30th. BidaskClub upgraded Saul Centers from a sell rating to a hold rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets upgraded Saul Centers from a market perform rating to an outperform rating in a report on Monday, August 7th.

Shares of Saul Centers (NYSE BFS) opened at $62.03 on Monday. The stock has a market capitalization of $1,367.87, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 3.89 and a beta of 0.72. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.33.

In related news, insider James Page Lansdale sold 11,027 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $64.06, for a total value of $706,389.62. Following the completion of the transaction, the insider now directly owns 11,627 shares in the company, valued at $744,825.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles W. Sherren, Jr. sold 2,453 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.72, for a total value of $151,399.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,355 shares of company stock valued at $2,980,986. Corporate insiders own 48.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AXA raised its stake in shares of Saul Centers by 31.6% in the third quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock valued at $16,464,000 after purchasing an additional 63,867 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Saul Centers by 9.6% in the third quarter. Public Employees Retirement System of Ohio now owns 18,634 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 1,636 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Saul Centers by 7.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 18,925 shares of the real estate investment trust’s stock valued at $1,172,000 after purchasing an additional 1,250 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Saul Centers by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 191,713 shares of the real estate investment trust’s stock valued at $11,869,000 after purchasing an additional 1,596 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Saul Centers by 2.1% in the third quarter. Wells Fargo & Company MN now owns 224,013 shares of the real estate investment trust’s stock valued at $13,868,000 after purchasing an additional 4,639 shares in the last quarter. Institutional investors and hedge funds own 45.48% of the company’s stock.

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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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