Zacks Investment Research upgraded shares of Saul Centers (NYSE:BFS) from a sell rating to a hold rating in a research report released on Monday morning.

According to Zacks, “SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. “

Separately, Raymond James Financial reissued a hold rating on shares of Saul Centers in a research report on Monday, December 4th.

Shares of Saul Centers (NYSE BFS) opened at $50.55 on Monday. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $1,144.28, a price-to-earnings ratio of 16.59, a PEG ratio of 3.18 and a beta of 0.60. Saul Centers has a 52-week low of $50.33 and a 52-week high of $66.14.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a $0.52 dividend. This is a boost from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, January 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.11%. Saul Centers’s dividend payout ratio (DPR) is presently 127.61%.

In other news, insider James Page Lansdale sold 11,027 shares of the firm’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 sale, the insider now owns 11,627 shares of the company’s stock, valued at approximately $744,825.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 20,999 shares of company stock valued at $1,329,716 in the last three months. Insiders own 48.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Saul Centers in the 3rd quarter worth $163,000. QS Investors LLC raised its stake in Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Saul Centers in the 3rd quarter worth $209,000. Voya Investment Management LLC purchased a new position in Saul Centers in the 2nd quarter worth $239,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in Saul Centers by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors own 45.40% of the company’s stock.

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Saul Centers Company Profile

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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