Equities analysts forecast that Saul Centers Inc (NYSE:BFS) will announce sales of $56.65 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Saul Centers’ earnings, with the highest sales estimate coming in at $57.25 million and the lowest estimate coming in at $56.03 million. Saul Centers reported sales of $55.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year sales of $228.94 million for the current fiscal year, with estimates ranging from $227.87 million to $229.69 million. For the next financial year, analysts expect that the company will post sales of $235.71 million per share, with estimates ranging from $231.49 million to $239.62 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Saul Centers.
Several equities research analysts have weighed in on the stock. ValuEngine cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. B. Riley set a $54.00 price objective on shares of Saul Centers and gave the company a “hold” rating in a research report on Thursday, May 10th. DA Davidson set a $55.00 price objective on shares of Saul Centers and gave the company a “hold” rating in a research report on Monday, March 5th. Finally, Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Saul Centers has an average rating of “Hold” and an average target price of $54.50.
In related news, CEO B Francis Saul II acquired 750 shares of the stock in a transaction on Thursday, May 31st. The stock was purchased at an average price of $49.51 per share, for a total transaction of $37,132.50. Following the transaction, the chief executive officer now owns 36,625 shares of the company’s stock, valued at approximately $1,813,303.75. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 48.80% of the company’s stock.
Large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Saul Centers by 3.7% during 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. Thrivent Financial For Lutherans grew its position in shares of Saul Centers by 62.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 36,049 shares of the real estate investment trust’s stock worth $2,226,000 after buying an additional 13,801 shares during the period. Swiss National Bank grew its position in shares of Saul Centers by 9.4% during the 4th quarter. Swiss National Bank now owns 23,183 shares of the real estate investment trust’s stock worth $1,432,000 after buying an additional 2,000 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Saul Centers during the 4th quarter worth approximately $277,000. Finally, California Public Employees Retirement System grew its position in shares of Saul Centers by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 38,896 shares of the real estate investment trust’s stock worth $2,402,000 after buying an additional 2,186 shares during the period. Institutional investors own 45.48% of the company’s stock.
BFS opened at $53.74 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 4.52. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 3.41 and a beta of 0.67. Saul Centers has a 1-year low of $46.71 and a 1-year high of $65.43.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, July 16th. Saul Centers’s payout ratio is presently 65.41%.
About Saul Centers
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.
Get a free copy of the Zacks research report on Saul Centers (BFS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.