Saul Centers, Inc. (BFS) Upgraded to Outperform at BMO Capital Markets

Saul Centers, Inc. (NYSE:BFS) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, August 7th, The Fly reports.

Several other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Saul Centers currently has a consensus rating of “Hold” and a consensus price target of $72.00.

Saul Centers (NYSE BFS) traded down 1.42% on Monday, hitting $57.58. The company’s stock had a trading volume of 51,213 shares. Saul Centers has a 12 month low of $55.86 and a 12 month high of $68.75. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 36.42 and a beta of 0.73. The firm has a 50 day moving average of $59.55 and a 200 day moving average of $60.84.

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In other Saul Centers news, VP Steven N. Corey sold 5,000 shares of Saul Centers stock in a transaction on Friday, July 7th. The shares were sold at an average price of $59.04, for a total value of $295,200.00. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at $295,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 15,000 shares of company stock worth $885,800 over the last ninety days. Corporate insiders own 48.80% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Saul Centers by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after buying an additional 46,999 shares during the last quarter. BlackRock Inc. increased its stake in Saul Centers by 2.7% in the second quarter. BlackRock Inc. now owns 1,748,798 shares of the real estate investment trust’s stock valued at $101,395,000 after buying an additional 45,574 shares during the last quarter. State Street Corp increased its stake in Saul Centers by 8.7% in the first quarter. State Street Corp now owns 459,435 shares of the real estate investment trust’s stock valued at $28,306,000 after buying an additional 36,848 shares during the last quarter. Renaissance Technologies LLC increased its stake in Saul Centers by 3.5% in the second quarter. Renaissance Technologies LLC now owns 314,400 shares of the real estate investment trust’s stock valued at $18,229,000 after buying an additional 10,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Saul Centers by 3.7% in the second quarter. Wells Fargo & Company MN now owns 219,374 shares of the real estate investment trust’s stock valued at $12,720,000 after buying an additional 7,735 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

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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