Saul Centers (NYSE:BFS) Price Target Cut to $47.00 by Analysts at B. Riley

Saul Centers (NYSE:BFSGet Rating) had its price target decreased by B. Riley from $53.00 to $47.00 in a research report released on Monday, The Fly reports. B. Riley also issued estimates for Saul Centers’ Q4 2022 earnings at $0.72 EPS, FY2022 earnings at $3.03 EPS, Q1 2023 earnings at $0.75 EPS, Q2 2023 earnings at $0.78 EPS, Q3 2023 earnings at $0.76 EPS and FY2023 earnings at $3.05 EPS.

Several other equities analysts have also recently issued reports on the company. Raymond James decreased their price objective on Saul Centers from $56.00 to $50.00 and set an outperform rating for the company in a report on Thursday, September 1st. StockNews.com raised Saul Centers from a hold rating to a buy rating in a report on Monday, November 14th.

Saul Centers Trading Down 2.1 %

BFS opened at $42.55 on Monday. The stock’s fifty day moving average is $39.79 and its two-hundred day moving average is $44.60. The company has a market capitalization of $1.02 billion, a P/E ratio of 25.79 and a beta of 1.13. Saul Centers has a 52 week low of $36.21 and a 52 week high of $56.22. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 3.48.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were paid a $0.59 dividend. The ex-dividend date was Friday, October 14th. This represents a $2.36 annualized dividend and a dividend yield of 5.55%. Saul Centers’s dividend payout ratio is presently 143.03%.

Institutional Investors Weigh In On Saul Centers

Large investors have recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Saul Centers by 217.2% in the second quarter. US Bancorp DE now owns 850 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 582 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Saul Centers during the second quarter worth $2,834,000. KBC Group NV increased its position in shares of Saul Centers by 25.5% during the first quarter. KBC Group NV now owns 2,114 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 429 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Saul Centers by 17.5% during the second quarter. Mutual of America Capital Management LLC now owns 2,207 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 329 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in shares of Saul Centers during the second quarter worth $136,000. 46.83% of the stock is currently owned by hedge funds and other institutional investors.

About Saul Centers

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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) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

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