Weiss Ratings Reiterates Hold (C-) Rating for Saul Centers (NYSE:BFS)

Key Points

• Weiss Ratings has reiterated a "hold (C-)" rating for Saul Centers (NYSE:BFS), indicating that analysts do not recommend buying or selling the stock at this time.
• Saul Centers' stock recently traded at $30.81, down 0.1%, and has experienced a one-year range between $30.63 and $42.39.
• The company's recent earnings report showed an EPS of $0.73, which was below the consensus estimate of $0.75, reflecting challenges in achieving revenue targets.

Saul Centers (NYSE:BFS - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Saul Centers Trading Down 0.1%

Shares of BFS stock traded down $0.05 during trading hours on Wednesday, hitting $30.81. 60,566 shares of the company were exchanged, compared to its average volume of 57,364. Saul Centers has a 1 year low of $30.63 and a 1 year high of $42.39. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. The firm has a fifty day moving average of $32.52 and a 200 day moving average of $33.41. The firm has a market cap of $750.72 million, a PE ratio of 23.34 and a beta of 1.16.

Saul Centers (NYSE:BFS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Saul Centers had a return on equity of 13.79% and a net margin of 15.51%.The company had revenue of $69.43 million for the quarter, compared to analyst estimates of $71.39 million. Analysts expect that Saul Centers will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On Saul Centers

A number of large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its holdings in Saul Centers by 853.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 734 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 657 shares during the period. Raymond James Financial Inc. purchased a new position in Saul Centers in the second quarter valued at about $27,000. CWM LLC boosted its holdings in Saul Centers by 105.3% in the second quarter. CWM LLC now owns 848 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 435 shares during the last quarter. Signaturefd LLC raised its position in shares of Saul Centers by 349.2% in the 2nd quarter. Signaturefd LLC now owns 867 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 674 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Saul Centers in the 2nd quarter valued at approximately $69,000. Institutional investors and hedge funds own 49.99% of the company's stock.

About Saul Centers

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.

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