Saul Centers Inc to Post FY2018 Earnings of $3.24 Per Share, Capital One Financial Forecasts (BFS)

Saul Centers Inc (NYSE:BFS) – Investment analysts at Capital One Financial lowered their FY2018 EPS estimates for shares of Saul Centers in a research note issued on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $3.24 for the year, down from their previous forecast of $3.31.

BFS has been the topic of a number of other reports. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.

Saul Centers (NYSE BFS) traded up $0.99 during trading hours on Thursday, hitting $51.38. The company had a trading volume of 8,569 shares, compared to its average volume of 34,441. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 4.62. The stock has a market capitalization of $1,085.36, a P/E ratio of 30.91, a P/E/G ratio of 3.03 and a beta of 0.60. Saul Centers has a 12 month low of $48.17 and a 12 month high of $66.14.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors 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 dividend on an annualized basis and a yield of 4.05%. Saul Centers’s dividend payout ratio (DPR) is 127.61%.

In related news, insider James Page Lansdale sold 2,372 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total value of $148,250.00. Following the completion of the transaction, the insider now owns 2,972 shares in the company, valued at approximately $185,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 20,999 shares of company stock valued at $1,329,716 in the last 90 days. 48.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in Saul Centers in the fourth quarter valued at $334,000. Millennium Management LLC boosted its stake in Saul Centers by 50.8% in the fourth quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock valued at $2,339,000 after acquiring an additional 12,762 shares in the last quarter. Teachers Advisors LLC boosted its stake in Saul Centers by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 164,293 shares of the real estate investment trust’s stock valued at $10,145,000 after acquiring an additional 3,377 shares in the last quarter. Deutsche Bank AG boosted its stake in Saul Centers by 110.4% in the fourth quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock valued at $1,815,000 after acquiring an additional 15,435 shares in the last quarter. Finally, Jefferies Group LLC acquired a new position in Saul Centers in the fourth quarter valued at $284,000. Institutional investors own 45.34% of the company’s stock.

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Saul Centers Company Profile

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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