Saul Centers (NYSE:BFS) Announces Quarterly Earnings Results

Saul Centers (NYSE:BFS) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12, FiscalAI reports. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%. The firm had revenue of $78.42 million during the quarter, compared to the consensus estimate of $77.65 million.

Saul Centers Stock Down 1.1%

Shares of NYSE:BFS traded down $0.31 during trading on Friday, reaching $28.50. 193,949 shares of the stock were exchanged, compared to its average volume of 129,329. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.62 and a quick ratio of 1.62. Saul Centers has a 1-year low of $28.27 and a 1-year high of $38.42. The stock has a fifty day moving average of $30.20 and a two-hundred day moving average of $33.43. The firm has a market cap of $704.50 million, a price-to-earnings ratio of 30.98 and a beta of 0.90.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.59 per share. The ex-dividend date was Thursday, October 15th. This represents a $2.36 annualized dividend and a dividend yield of 8.3%. Saul Centers’s payout ratio is currently 243.30%.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Saul Centers from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Saul Centers

Saul Centers, Inc (NYSE: BFS) is a self-managed real estate investment trust that owns, operates, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of neighborhood and community shopping centers, along with mixed-use properties that combine retail, office and other commercial space.

Saul Centers’ shopping centers are generally anchored by grocery stores, supermarkets, drugstores and other service-oriented retailers. Its properties are designed to serve local communities and typically include a range of tenants such as restaurants, personal-service businesses and specialty retailers.

Founded in 1993 and headquartered in Bethesda, Maryland, Saul Centers focuses primarily on the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and surrounding parts of Maryland and Virginia.