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

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. “

Shares of NYSE:BFS traded up $1.20 on Thursday, reaching $51.34. The company’s stock had a trading volume of 42,600 shares, compared to its average volume of 48,389. Saul Centers has a 52-week low of $45.49 and a 52-week high of $60.65. The stock has a market capitalization of $1.14 billion, a P/E ratio of 16.51, a PEG ratio of 3.06 and a beta of 1.02. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17.

Several large investors have recently modified their holdings of BFS. Norges Bank purchased a new position in shares of Saul Centers in the 4th quarter worth $8,309,000. JPMorgan Chase & Co. grew its stake in shares of Saul Centers by 85.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock worth $16,953,000 after buying an additional 139,285 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Saul Centers by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 885,861 shares of the real estate investment trust’s stock worth $41,831,000 after buying an additional 78,452 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after buying an additional 53,115 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after buying an additional 53,115 shares in the last quarter. 45.98% of the stock is owned by institutional investors and hedge funds.

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) 49 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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