Saul Centers Inc (NYSE:BFS) declared a quarterly dividend on Thursday, June 27th, Zacks reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.53 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, July 16th.
Saul Centers has raised its dividend payment by an average of 7.2% annually over the last three years and has raised its dividend every year for the last 5 years. Saul Centers has a dividend payout ratio of 68.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Saul Centers to earn $3.34 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 63.5%.
Shares of NYSE BFS opened at $55.25 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of 17.77, a P/E/G ratio of 3.35 and a beta of 0.91. Saul Centers has a 52-week low of $45.49 and a 52-week high of $60.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.09. The stock has a 50 day moving average price of $55.55.
Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). The firm had revenue of $59.75 million during the quarter, compared to analyst estimates of $58.21 million. Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. On average, sell-side analysts expect that Saul Centers will post 3.3 earnings per share for the current year.
In related news, VP Charles W. Sherren, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $54.58, for a total transaction of $545,800.00. Following the transaction, the vice president now owns 10,678 shares in the company, valued at approximately $582,805.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott V. Schneider sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $57.10, for a total transaction of $285,500.00. Following the transaction, the insider now owns 4,000 shares in the company, valued at approximately $228,400. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $1,116,300 in the last 90 days. Corporate insiders own 48.50% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th.
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) 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.
Further Reading: Dividend Achievers
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