Wall Street brokerages predict that Saul Centers Inc (NYSE:BFS) will report sales of $57.97 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Saul Centers’ earnings. The lowest sales estimate is $57.47 million and the highest is $58.79 million. Saul Centers posted sales of $56.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is scheduled to issue its next earnings results on Tuesday, February 26th.
On average, analysts expect that Saul Centers will report full-year sales of $227.84 million for the current year, with estimates ranging from $227.25 million to $228.88 million. For the next fiscal year, analysts expect that the business will post sales of $235.38 million, with estimates ranging from $232.97 million to $239.05 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Saul Centers.
Several research firms have recently issued reports on BFS. ValuEngine raised Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, B. Riley lifted their price target on Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Saul Centers currently has an average rating of “Hold” and an average target price of $57.33.
Shares of BFS traded down $0.13 during trading hours on Friday, hitting $50.67. The company had a trading volume of 1,771 shares, compared to its average volume of 38,014. The company has a debt-to-equity ratio of 4.28, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $1.11 billion, a PE ratio of 15.93, a P/E/G ratio of 3.19 and a beta of 0.82. Saul Centers has a 52-week low of $46.71 and a 52-week high of $65.32.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were issued a $0.52 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $2.08 annualized dividend and a yield of 4.10%. Saul Centers’s payout ratio is 65.41%.
In related news, insider Christopher Netter sold 7,500 shares of Saul Centers stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $59.30, for a total value of $444,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip D. Caraci sold 1,100 shares of Saul Centers stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $58.00, for a total value of $63,800.00. The disclosure for this sale can be found here. Insiders sold a total of 14,584 shares of company stock valued at $863,999 over the last quarter. 49.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFS. Piedmont Investment Advisors LLC bought a new stake in shares of Saul Centers during the 2nd quarter valued at about $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Saul Centers by 145.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,850 shares during the period. Royal Bank of Canada grew its stake in shares of Saul Centers by 38.1% during the 1st quarter. Royal Bank of Canada now owns 7,692 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 2,124 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Saul Centers by 114.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,361 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 4,470 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Saul Centers during the 2nd quarter valued at about $560,000. Institutional investors own 45.41% of the company’s stock.
About Saul Centers
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.
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