Equities research analysts predict that Saul Centers Inc (NYSE:BFS) will post $0.82 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.85. Saul Centers posted earnings per share of $0.79 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The business is expected to issue its next quarterly earnings report on Friday, August 2nd.
On average, analysts expect that Saul Centers will report full year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.38. For the next financial year, analysts anticipate that the company will report earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.43. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Saul Centers.
Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). Saul Centers had a net margin of 22.23% and a return on equity of 21.45%. The company had revenue of $59.75 million for the quarter, compared to the consensus estimate of $58.21 million.
Separately, Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday.
NYSE BFS traded up $0.04 during trading hours on Friday, reaching $54.16. 61,704 shares of the company traded hands, compared to its average volume of 47,207. Saul Centers has a 12 month low of $45.49 and a 12 month high of $60.65. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $2.12 dividend on an annualized basis and a yield of 3.91%. Saul Centers’s dividend payout ratio (DPR) is 68.17%.
In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total transaction of $132,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 48.50% of the company’s stock.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Saul Centers by 0.7% during the fourth quarter. BlackRock Inc. now owns 2,052,894 shares of the real estate investment trust’s stock worth $96,938,000 after purchasing an additional 14,968 shares during the period. Vanguard Group Inc raised its holdings in shares of Saul Centers by 2.8% during the third quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after purchasing an additional 53,115 shares during the period. Vanguard Group Inc. raised its holdings in shares of Saul Centers by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after purchasing an additional 53,115 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Saul Centers by 2.8% during the first quarter. Principal Financial Group Inc. now owns 910,633 shares of the real estate investment trust’s stock worth $46,780,000 after purchasing an additional 24,772 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Saul Centers by 85.2% during the third quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock worth $16,953,000 after purchasing an additional 139,285 shares during the period. 46.71% of the stock is currently owned by institutional investors.
Saul Centers Company Profile
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) 56 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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