The stock of Saul Centers Inc (NYSE:BFS) gapped down by $0.09 today and has $61.34 target or 5.00% below today’s $64.57 share price. The 8 months technical chart setup indicates high risk for the $1.39B company. The gap down was reported on Oct, 4 by Barchart.com. If the $61.34 price target is reached, the company will be worth $69.50 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 3.09% or $2.06 on October 3, hitting $64.57. Saul Centers Inc (NYSE:BFS) has risen 29.58% since March 1, 2016 and is uptrending. It has outperformed by 17.36% the S&P500.
Analysts await Saul Centers Inc (NYSE:BFS) to report earnings on November, 3. They expect $0.75 earnings per share, 0.00% or $0.00 from last year’s $0.75 per share. BFS’s profit will be $16.15M for 21.52 P/E if the $0.75 EPS becomes a reality. After $0.73 actual earnings per share reported by Saul Centers Inc for the previous quarter, Wall Street now forecasts 2.74% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.83 in 2016 Q2. Its up 0.69, from 1.14 in 2016Q1. The ratio is positive, as 5 funds sold all Saul Centers Inc shares owned while 30 reduced positions. 15 funds bought stakes while 49 increased positions. They now own 9.60 million shares or 2.53% more from 9.36 million shares in 2016Q1.
Ladenburg Thalmann Financial Incorporated has invested 0% of its portfolio in Saul Centers Inc (NYSE:BFS). Aqr Capital Mngmt Ltd Com has 0.01% invested in the company for 62,155 shares. Virginia Retirement Et Al has invested 0.01% of its portfolio in Saul Centers Inc (NYSE:BFS). The Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0% in Saul Centers Inc (NYSE:BFS). Bank Of America De accumulated 0% or 25,643 shares. Parametric Assocs Limited Com holds 0% of its portfolio in Saul Centers Inc (NYSE:BFS) for 23,206 shares. Axa accumulated 100,730 shares or 0.03% of the stock. Bank & Trust Of Montreal Can reported 20,977 shares or 0% of all its holdings. Invesco Limited accumulated 87,128 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Sys reported 8,349 shares or 0% of all its holdings. Sector Pension Board, a Quebec – Canada-based fund reported 7,905 shares. Wells Fargo & Mn, a California-based fund reported 183,148 shares. Blackrock Advisors Ltd Limited Liability Company last reported 5,420 shares in the company. Tiaa Cref Mgmt Limited holds 46,137 shares or 0% of its portfolio. Millennium Mgmt Llc holds 51,822 shares or 0.01% of its portfolio.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 25 selling transactions for $10.15 million net activity. 20,110 shares with value of $1.14M were sold by COLLICH JOHN F on Tuesday, May 10. Shares for $145,250 were sold by SCHNEIDER SCOTT V on Tuesday, June 7. Hachey Donald A had sold 2,500 shares worth $144,500. 244 shares were sold by Corey Steven N., worth $16,429 on Friday, September 2. 9,986 shares with value of $564,176 were sold by NETTER CHRISTOPHER on Tuesday, May 10. The insider JACKSON PHILIP C JR sold 20,000 shares worth $1.13 million. 4,000 shares were sold by SHERREN CHARLES W JR, worth $228,000 on Friday, May 27.
Another recent and important Saul Centers Inc (NYSE:BFS) news was published by Bizjournals.com which published an article titled: “Saul Centers designing a path forward for huge Ballston project” on May 31, 2016.
BFS Company Profile
Saul Centers, Inc. (Saul Centers), incorporated on June 10, 1993, operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. The Firm operates in two divisions: Shopping Centers and Mixed-Use Properties. The Firm conducts its business through Saul Holdings Limited Partnership (the Operating Partnership) and/or directly or indirectly owned subsidiaries. The Company, which conducts all of its activities through its subsidiaries, the Operating Partnership and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties, located in the Washington, District of Columbia (DC)/Baltimore metropolitan area.
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