In a report made available to investors on Thursday, the financial analysts at StockNews.com presented the results of their first investigation into Saul Centers (NYSE: BFS).
The company’s recommendation for the stock of the real estate investment trust was to maintain a hold on the stock.
When trading started on Thursday, the share price of Saul Centers was at $36.96 per share.
This stock’s 50-day moving average is currently at $40.68, and its 200-day moving average is currently at $40.78.
Both of these averages are based on the price of $40.
The lowest price that Saul Centers has been at in the past year is $35.63, and the highest price that the stock has been at in the past year is $56.22.
A debt-to-equity ratio comes in at 3.63; a quick ratio at 1.62; a current ratio at 1.62; and a quick ratio at 1.62.
The stock’s price-to-earnings ratio is 22.67, and its beta value is 1.16.
The stock currently has a market capitalization of 883.86 million dollars.
Various other research professionals have also provided additional insights regarding the company.
B. Riley decreased their price target for Saul Centers from $47.00 to $42.00 in a research report published on Thursday, March 9. Raymond James lowered the rating they gave Saul Centers from “outperform” to “market perform” in a research note published on January 4.
As a result of the recent activity in the market, several hedge funds have recently adjusted their stock holdings.
During the last three months of 2018, Sandy Spring Bank increased the amount of money it had invested in Saul Centers by 1,211.3%.
Because of the recent purchase of an additional 1,611 of its shares during the most recent quarter, Sandy Spring Bank now has 1,744 shares of the real estate investment trust.
This brings the bank’s total number of shares to 1,744.
The price of these shares on the market currently is $71,000.
During the third quarter, Mutual of America Capital Management LLC achieved a 16.3% increase in the amount of Saul Centers stock it owned, thanks to its continued success in acquiring additional shares.
In the most recent fiscal quarter, Mutual of America Capital Management LLC increased its total real estate investment trust shares to 2,566 by purchasing 359 units.
The price these shares are currently fetching on the market is $96,000.
Tower Research Capital LLC (TRC) saw a 968.3% increase in the proportion of Saul Centers properties it owned during the third quarter.
After purchasing an additional 3,234 shares during the most recent quarter, Tower Research Capital LLC (TRC) now holds 3,568 shares of the real estate investment trust, worth a total of $134,000 after accounting for the impact of recent acquisitions (as of the last reporting). Captrust Financial Advisors invested $136,000 in Saul Centers during the year’s second quarter to acquire a new stake in the company.
Last but certainly not least, during the third quarter, the Teachers Retirement System of Kentucky increased the total value of its holdings of Saul Centers shares by an additional $138,000, bringing the total amount of those holdings to a total of $524,000 in total.
At present, other types of institutional investors, such as hedge funds, hold 45.43 percent of the company’s shares.
Saul Centers, INC, a real estate investment trust, is responsible for acquiring, operating, and creating income-producing assets.
These responsibilities fall under the umbrella of “income-producing assets.” It finds use in the construction of mixed-use buildings and shopping center construction, among other areas.
The term “shopping centers” is used throughout this section to refer to community and local shopping malls that act as anchors for businesses in the surrounding area. Retail pharmacies, discount department stores, and grocery stores are a few examples of businesses that fall under this category.