Analysts expect that Saul Centers Inc (NYSE:BFS) will post earnings of $0.81 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Saul Centers posted earnings per share of $0.87 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Saul Centers will report full-year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.23 to $3.24. For the next fiscal year, analysts forecast that the firm will report earnings of $3.41 per share, with EPS estimates ranging from $3.37 to $3.44. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Saul Centers.
Saul Centers (NYSE:BFS) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). Saul Centers had a net margin of 21.23% and a return on equity of 23.40%. The company had revenue of $56.68 million for the quarter, compared to the consensus estimate of $55.50 million.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. B. Riley assumed coverage on shares of Saul Centers in a research report on Thursday. They set a “neutral” rating and a $54.00 target price for the company. Finally, DA Davidson set a $55.00 target price on shares of Saul Centers and gave the company a “hold” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $54.50.
Shares of Saul Centers stock traded down $0.44 on Monday, reaching $49.21. 34,622 shares of the company traded hands, compared to its average volume of 34,662. Saul Centers has a 52 week low of $48.11 and a 52 week high of $65.43. The company has a market capitalization of $1,092.30, a P/E ratio of 15.65, a P/E/G ratio of 3.06 and a beta of 0.65. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 4.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, April 13th. Saul Centers’s dividend payout ratio (DPR) is presently 65.41%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Saul Centers by 3.7% in the 4th quarter. BlackRock Inc. now owns 1,864,136 shares of the real estate investment trust’s stock worth $115,110,000 after buying an additional 66,475 shares during the period. Renaissance Technologies LLC boosted its holdings in Saul Centers by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 372,600 shares of the real estate investment trust’s stock worth $23,008,000 after buying an additional 35,100 shares during the period. AXA boosted its holdings in Saul Centers by 31.6% in the 3rd quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock worth $16,464,000 after buying an additional 63,867 shares during the period. Wells Fargo & Company MN boosted its holdings in Saul Centers by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 230,026 shares of the real estate investment trust’s stock worth $14,203,000 after buying an additional 6,013 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Saul Centers by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 195,454 shares of the real estate investment trust’s stock worth $12,070,000 after buying an additional 6,648 shares during the period. 46.41% of the stock is owned by institutional investors.
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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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