DA Davidson Reiterates Neutral Rating for Saul Centers (NYSE:BFS)

Saul Centers (NYSE:BFS)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a research note issued on Monday, Zacks.com reports.

Separately, Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Shares of BFS stock traded down $0.23 during mid-day trading on Monday, hitting $53.43. 2,641 shares of the stock were exchanged, compared to its average volume of 45,295. The stock’s fifty day moving average price is $55.36. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.32 and a current ratio of 1.32. Saul Centers has a 52-week low of $45.49 and a 52-week high of $60.65. The company has a market capitalization of $1.27 billion, a P/E ratio of 17.09, a PEG ratio of 3.36 and a beta of 0.91.

Saul Centers (NYSE:BFS) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.35). Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. The firm had revenue of $59.75 million for the quarter, compared to analysts’ expectations of $58.21 million. On average, equities research analysts anticipate that Saul Centers will post 3.28 EPS for the current fiscal year.

In other news, VP Charles W. Sherren, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $54.58, for a total transaction of $545,800.00. Following the completion of the sale, the vice president now owns 10,678 shares in the company, valued at approximately $582,805.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Netter sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $57.00, for a total transaction of $285,000.00. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $1,116,300 over the last ninety days. 48.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its position in Saul Centers by 2.4% during the second quarter. Swiss National Bank now owns 25,283 shares of the real estate investment trust’s stock worth $1,419,000 after purchasing an additional 600 shares during the last quarter. Stevens Capital Management LP increased its position in Saul Centers by 22.3% during the second quarter. Stevens Capital Management LP now owns 4,943 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 901 shares during the last quarter. Aperio Group LLC increased its position in shares of Saul Centers by 2.5% in the second quarter. Aperio Group LLC now owns 9,161 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 227 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Saul Centers by 83.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,443 shares of the real estate investment trust’s stock worth $755,000 after acquiring an additional 6,120 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Saul Centers by 10.6% in the second quarter. State of Alaska Department of Revenue now owns 8,598 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 825 shares in the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

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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