Shares of Saul Centers Inc (NYSE:BFS) have been assigned an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus target price of $65.50 for the company and are expecting that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also given Saul Centers an industry rank of 243 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on BFS. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th.
Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Saul Centers by 1.2% during the second quarter. UBS Asset Management Americas Inc. now owns 16,819 shares of the real estate investment trust’s stock worth $975,000 after purchasing an additional 200 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Saul Centers by 4.2% during 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 purchasing an additional 800 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Saul Centers by 14.4% during the second quarter. Nationwide Fund Advisors now owns 7,036 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 885 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Saul Centers by 7.1% in the 3rd 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 acquiring an additional 1,250 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Saul Centers by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after acquiring an additional 1,554 shares during the period. 45.34% of the stock is currently owned by institutional investors and hedge funds.
Saul Centers (NYSE BFS) opened at $51.45 on Thursday. The stock has a market capitalization of $1,126.76, a price-to-earnings ratio of 16.33, a PEG ratio of 3.15 and a beta of 0.60. 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 $48.17 and a 12-month high of $66.14.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.04%. Saul Centers’s dividend payout ratio is presently 127.61%.
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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