Saul Centers Inc (NYSE:BFS) Given Consensus Recommendation of “Buy” by Analysts
Shares of Saul Centers Inc (NYSE:BFS) have been given an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus target price of $60.50 for the company and are expecting that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 246 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on BFS. DA Davidson set a $55.00 price target on shares of Saul Centers and gave the stock a “hold” rating in a research report on Monday, March 5th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th.
Several hedge funds have recently added to or reduced their stakes in BFS. SG Americas Securities LLC purchased a new stake in shares of Saul Centers during the third quarter worth approximately $163,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Saul Centers during the third quarter worth approximately $209,000. Voya Investment Management LLC purchased a new stake in shares of Saul Centers during the second quarter worth approximately $239,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Saul Centers by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 1,660 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Saul Centers during the fourth quarter worth approximately $277,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.
Shares of Saul Centers (BFS) traded up $0.20 on Friday, hitting $50.56. 34,678 shares of the stock traded hands, compared to its average volume of 33,988. The firm has a market capitalization of $1,129.70, a PE ratio of 30.98, a PEG ratio of 3.16 and a beta of 0.69. Saul Centers has a 1-year low of $48.11 and a 1-year high of $65.43. The company has a debt-to-equity ratio of 4.50, a current ratio of 2.81 and a quick ratio of 2.81.
Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.39). The business had revenue of $56.68 million for the quarter, compared to analyst estimates of $55.50 million. Saul Centers had a return on equity of 23.40% and a net margin of 21.23%. equities research analysts forecast that Saul Centers will post 3.25 EPS for the current year.
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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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