Wall Street analysts forecast that Saul Centers Inc (NYSE:BFS) will report $0.81 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Saul Centers’ earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.80. Saul Centers reported earnings per share of $0.69 in the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The firm is expected to report its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.27 to $3.35. For the next financial year, analysts expect that the business will post earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Saul Centers.
Separately, Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Tuesday.
In other news, Director Mark Sullivan III sold 2,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 48.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Saul Centers by 31.8% in the 3rd quarter. Rhumbline Advisers now owns 42,627 shares of the real estate investment trust’s stock valued at $2,387,000 after acquiring an additional 10,291 shares during the period. Dimensional Fund Advisors LP raised its holdings in Saul Centers by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock valued at $11,137,000 after acquiring an additional 1,985 shares during the period. JPMorgan Chase & Co. raised its holdings in Saul Centers by 85.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock valued at $16,953,000 after acquiring an additional 139,285 shares during the period. Renaissance Technologies LLC raised its holdings in Saul Centers by 7.8% in the 3rd quarter. Renaissance Technologies LLC now owns 403,700 shares of the real estate investment trust’s stock valued at $22,607,000 after acquiring an additional 29,100 shares during the period. Finally, Laurion Capital Management LP bought a new position in Saul Centers in the 3rd quarter valued at about $322,000. 46.68% of the stock is currently owned by institutional investors.
Shares of BFS stock traded down $0.41 on Friday, reaching $52.38. The stock had a trading volume of 435 shares, compared to its average volume of 57,070. The company has a debt-to-equity ratio of 4.17, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.22 and a beta of 1.00. Saul Centers has a 12 month low of $45.49 and a 12 month high of $60.65.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.05%. Saul Centers’s payout ratio is 68.17%.
About Saul Centers
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) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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