Saul Centers (NYSE:BFS) has been assigned a $54.00 price objective by equities researchers at B. Riley in a research report issued to clients and investors on Thursday, May 10th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price objective would suggest a potential upside of 13.35% from the stock’s previous close. B. Riley also issued estimates for Saul Centers’ Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $3.41 EPS.
Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. DA Davidson set a $55.00 price objective on shares of Saul Centers and gave the company a “hold” rating in a report on Monday, March 5th. Finally, ValuEngine cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.50.
NYSE:BFS opened at $47.64 on Thursday. The company has a debt-to-equity ratio of 4.17, a current ratio of 2.30 and a quick ratio of 2.30. Saul Centers has a one year low of $46.71 and a one year high of $65.43. The stock has a market capitalization of $1.05 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.66.
Saul Centers (NYSE:BFS) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.39). The firm had revenue of $56.68 million during the quarter, compared to analysts’ expectations of $55.50 million. Saul Centers had a return on equity of 22.47% and a net margin of 20.92%. research analysts forecast that Saul Centers will post 3.16 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Optimum Investment Advisors purchased a new stake in shares of Saul Centers in the first quarter valued at about $222,000. Teacher Retirement System of Texas purchased a new position in Saul Centers during the fourth quarter worth about $277,000. Jefferies Group LLC purchased a new position in Saul Centers during the fourth quarter worth about $284,000. Amundi Pioneer Asset Management Inc. purchased a new position in Saul Centers during the fourth quarter worth about $300,000. Finally, MetLife Investment Advisors LLC purchased a new position in Saul Centers during the fourth quarter worth about $334,000. Institutional investors and hedge funds own 45.45% 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 58 properties which includes (a) 55 community and neighborhood shopping centers and mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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