Saul Centers (NYSE:BFS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

BFS has been the topic of several other research reports. B. Riley lifted their price target on shares of Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.50.

Saul Centers stock opened at $54.22 on Wednesday. Saul Centers has a 12-month low of $46.71 and a 12-month high of $65.43. The firm has a market cap of $1.24 billion, a P/E ratio of 17.05, a PEG ratio of 3.57 and a beta of 0.68. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 4.27.

In related news, insider Scott V. Schneider sold 3,500 shares of Saul Centers stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $54.59, for a total transaction of $191,065.00. Following the sale, the insider now owns 4,500 shares of the company’s stock, valued at approximately $245,655. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steven N. Corey sold 3,750 shares of Saul Centers stock in a transaction on Monday, August 20th. The stock was sold at an average price of $59.26, for a total transaction of $222,225.00. Following the sale, the vice president now directly owns 3,750 shares in the company, valued at approximately $222,225. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock worth $1,055,064 in the last ninety days. 48.80% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in BFS. Schwab Charles Investment Management Inc. increased its stake in Saul Centers by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 135,694 shares of the real estate investment trust’s stock worth $6,917,000 after buying an additional 6,268 shares during the period. Aperio Group LLC increased its position in shares of Saul Centers by 71.9% in the 1st quarter. Aperio Group LLC now owns 6,961 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 2,912 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Saul Centers by 11.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 40,332 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 4,283 shares during the last quarter. Northern Trust Corp increased its position in shares of Saul Centers by 5.7% in the 1st quarter. Northern Trust Corp now owns 223,338 shares of the real estate investment trust’s stock worth $11,384,000 after purchasing an additional 12,027 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Saul Centers by 2.4% in the 1st quarter. BlackRock Inc. now owns 1,909,180 shares of the real estate investment trust’s stock worth $97,311,000 after purchasing an additional 45,044 shares during the last quarter. 45.29% 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 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.

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