Saul Centers Inc (NYSE:BFS) has received an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a twelve-month consensus price target of $69.50 for the company and are predicting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also given Saul Centers an industry rank of 244 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on BFS shares. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.
In other news, insider James Page Lansdale sold 11,027 shares of Saul Centers stock in a transaction on Monday, December 4th. The stock was sold at an average price of $64.06, for a total value of $706,389.62. Following the transaction, the insider now owns 11,627 shares in the company, valued at approximately $744,825.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 20,999 shares of company stock worth $1,329,716. Corporate insiders own 48.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of BFS. SG Americas Securities LLC bought a new position in shares of Saul Centers in the 3rd quarter valued at $163,000. QS Investors LLC increased its stake in shares of Saul Centers by 400.0% in the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Saul Centers in the 3rd quarter valued at $209,000. Voya Investment Management LLC bought a new position in shares of Saul Centers in the 2nd quarter valued at $239,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Saul Centers by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 1,660 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.
Saul Centers (NYSE BFS) opened at $54.73 on Thursday. Saul Centers has a 52 week low of $53.19 and a 52 week high of $66.14. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $1,230.56, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 3.42 and a beta of 0.72.
Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.41). Saul Centers had a return on equity of 23.93% and a net margin of 21.42%. The company had revenue of $56.24 million for the quarter, compared to the consensus estimate of $56.75 million. equities analysts forecast that Saul Centers will post 3.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a $0.52 dividend. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, January 16th. This represents a $2.08 annualized dividend and a dividend yield of 3.80%. Saul Centers’s dividend payout ratio (DPR) is presently 127.61%.
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About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (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 in the Washington, District of Columbia/Baltimore metropolitan area.
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