ValuEngine Downgrades Saul Centers (NYSE:BFS) to Sell

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Saul Centers (NYSE:BFS) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, November 1st, ValuEngine reports.

A number of other equities research analysts also recently issued reports on BFS. DA Davidson reiterated a “neutral” rating on shares of Saul Centers in a research report on Monday, July 29th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Monday, August 12th.

Shares of Saul Centers stock traded down $0.80 during trading hours on Friday, reaching $52.93. The company had a trading volume of 38,117 shares, compared to its average volume of 48,933. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.44 and a quick ratio of 1.44. Saul Centers has a one year low of $45.49 and a one year high of $58.49. The firm has a market cap of $1.26 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 3.37 and a beta of 0.88. The business has a fifty day simple moving average of $54.11 and a 200 day simple moving average of $54.00.

In other Saul Centers news, VP Charles W. Sherren, Jr. sold 3,993 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $53.00, for a total transaction of $211,629.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 48.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Saul Centers by 3.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,189,920 shares of the real estate investment trust’s stock valued at $66,790,000 after buying an additional 38,367 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Saul Centers by 6.7% during the second quarter. Renaissance Technologies LLC now owns 501,374 shares of the real estate investment trust’s stock valued at $28,142,000 after buying an additional 31,700 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Saul Centers in the second quarter worth about $13,164,000. Wells Fargo & Company MN grew its stake in shares of Saul Centers by 1.2% in the second quarter. Wells Fargo & Company MN now owns 210,621 shares of the real estate investment trust’s stock worth $11,821,000 after purchasing an additional 2,567 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Saul Centers by 1.4% in the second quarter. Northern Trust Corp now owns 210,489 shares of the real estate investment trust’s stock worth $11,815,000 after purchasing an additional 2,816 shares during the last quarter. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

About Saul Centers

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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