Equities analysts predict that Saul Centers Inc (NYSE:BFS) will report $0.81 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Saul Centers’ earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.83. Saul Centers reported earnings per share of $0.69 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The business is scheduled to announce its next earnings results on Thursday, May 2nd.
On average, analysts expect that Saul Centers will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.35. For the next year, analysts forecast that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Saul Centers.
Separately, Zacks Investment Research upgraded Saul Centers from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, November 20th.
Several hedge funds have recently made changes to their positions in BFS. Norges Bank bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $8,309,000. JPMorgan Chase & Co. raised its holdings in shares of Saul Centers by 85.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock worth $16,953,000 after buying an additional 139,285 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Saul Centers by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 885,861 shares of the real estate investment trust’s stock worth $41,831,000 after buying an additional 78,452 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after buying an additional 53,115 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after buying an additional 53,115 shares in the last quarter. Institutional investors own 45.98% of the company’s stock.
NYSE:BFS traded down $0.29 during mid-day trading on Wednesday, hitting $50.05. 26,955 shares of the company’s stock traded hands, compared to its average volume of 76,463. Saul Centers has a 12 month low of $45.49 and a 12 month high of $60.65. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 3.05 and a beta of 1.02. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, April 15th. This represents a $2.12 annualized dividend and a yield of 4.24%. Saul Centers’s payout ratio is 68.17%.
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 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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