Equities research analysts expect Saul Centers Inc (NYSE:BFS) to announce $56.42 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Saul Centers’ earnings. The lowest sales estimate is $54.83 million and the highest is $57.39 million. Saul Centers reported sales of $58.47 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Saul Centers will report full year sales of $56.42 million for the current fiscal year, with estimates ranging from $221.32 million to $233.41 million. For the next financial year, analysts anticipate that the business will post sales of $235.45 million per share, with estimates ranging from $224.83 million to $244.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Saul Centers.
Saul Centers (NYSE:BFS) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 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 23.40% and a net margin of 21.23%.
A number of research firms have recently commented on BFS. B. Riley began coverage on Saul Centers in a report on Thursday. They issued a “neutral” rating and a $54.00 price objective on the stock. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Finally, DA Davidson set a $55.00 price objective on Saul Centers and gave the stock a “hold” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $54.50.
Several hedge funds have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. grew its stake in shares of Saul Centers by 7.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 18,925 shares of the real estate investment trust’s stock valued at $1,172,000 after buying an additional 1,250 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Saul Centers by 10.1% in the fourth quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after buying an additional 1,554 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Saul Centers by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 191,713 shares of the real estate investment trust’s stock valued at $11,869,000 after buying an additional 1,596 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Saul Centers by 9.6% in the third quarter. Public Employees Retirement System of Ohio now owns 18,634 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 1,636 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Saul Centers by 59.7% during 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 in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.
Shares of Saul Centers stock traded down $0.68 during trading hours on Wednesday, reaching $49.65. The stock had a trading volume of 26,249 shares, compared to its average volume of 34,557. The company has a market cap of $1,107.26, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. The company has a debt-to-equity ratio of 4.50, a current ratio of 2.81 and a quick ratio of 2.81. Saul Centers has a 1 year low of $48.11 and a 1 year high of $65.43.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.19%. Saul Centers’s dividend payout ratio (DPR) is currently 65.41%.
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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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