Saul Centers, Inc. (NYSE:BFS) – Investment analysts at B. Riley decreased their FY2018 earnings per share (EPS) estimates for Saul Centers in a research note issued to investors on Thursday, May 10th. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $3.12 per share for the year, down from their previous forecast of $3.28. B. Riley currently has a “Hold” rating and a $54.00 price objective on the stock.
Saul Centers (NYSE:BFS) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). Saul Centers had a net margin of 20.92% and a return on equity of 22.47%. The firm had revenue of $56.68 million during the quarter, compared to the consensus estimate of $55.50 million.
A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. Finally, DA Davidson set a $55.00 price target on shares of Saul Centers and gave the company a “hold” rating in a research report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Saul Centers currently has a consensus rating of “Hold” and a consensus target price of $54.50.
Saul Centers opened at $47.50 on Monday, MarketBeat reports. Saul Centers has a 12 month low of $47.10 and a 12 month high of $48.00. The company has a market capitalization of $1.09 billion, a PE ratio of 14.94, a PEG ratio of 3.13 and a beta of 0.66. The company has a debt-to-equity ratio of 4.17, a quick ratio of 2.30 and a current ratio of 2.30.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, April 16th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, April 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.38%. Saul Centers’s payout ratio is 65.41%.
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Saul Centers by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 195,824 shares of the real estate investment trust’s stock worth $9,981,000 after buying an additional 2,519 shares in the last quarter. Employees Retirement System of Texas boosted its stake in Saul Centers by 20.5% during the first quarter. Employees Retirement System of Texas now owns 53,000 shares of the real estate investment trust’s stock worth $2,701,000 after buying an additional 9,000 shares in the last quarter. Optimum Investment Advisors acquired a new stake in Saul Centers during the first quarter worth $222,000. BlackRock Inc. boosted its stake in Saul Centers by 2.4% during the first quarter. BlackRock Inc. now owns 1,909,180 shares of the real estate investment trust’s stock worth $97,311,000 after buying an additional 45,044 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Saul Centers by 5.7% during the first quarter. Northern Trust Corp now owns 223,338 shares of the real estate investment trust’s stock worth $11,384,000 after buying an additional 12,027 shares in the last quarter. Institutional investors and hedge funds own 46.38% of the company’s stock.
Saul Centers Company Profile
Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 58 properties which includes (a) 55 community and neighborhood shopping centers and mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.