Equities research analysts expect that Saul Centers Inc (NYSE:BFS) will post sales of $58.40 million for the current quarter, according to Zacks. Four analysts have provided estimates for Saul Centers’ earnings. The highest sales estimate is $59.19 million and the lowest is $57.78 million. Saul Centers posted sales of $56.22 million during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The company is scheduled to report its next quarterly earnings results on Friday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year sales of $236.02 million for the current year, with estimates ranging from $232.85 million to $238.29 million. For the next year, analysts anticipate that the firm will report sales of $244.49 million, with estimates ranging from $237.33 million to $249.88 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Saul Centers.
Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). The business had revenue of $59.75 million for 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%.
Separately, Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th.
In other Saul Centers news, insider Scott V. Schneider sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $57.10, for a total value of $285,500.00. Following the sale, the insider now owns 4,000 shares in the company, valued at approximately $228,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO B Francis Saul II purchased 750 shares of Saul Centers stock in a transaction on Friday, May 31st. The stock was bought at an average price of $53.77 per share, for a total transaction of $40,327.50. Following the transaction, the chief executive officer now directly owns 38,328 shares in the company, valued at approximately $2,060,896.56. The disclosure for this purchase can be found here. Insiders sold a total of 20,000 shares of company stock worth $1,116,300 in the last quarter. Corporate insiders own 48.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Saul Centers by 0.7% in the 4th quarter. BlackRock Inc. now owns 2,052,894 shares of the real estate investment trust’s stock valued at $96,938,000 after buying an additional 14,968 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Saul Centers by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 910,633 shares of the real estate investment trust’s stock valued at $46,780,000 after purchasing an additional 24,772 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Saul Centers by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 201,338 shares of the real estate investment trust’s stock valued at $9,507,000 after purchasing an additional 2,432 shares in the last quarter. Norges Bank bought a new stake in shares of Saul Centers during the 4th quarter valued at about $8,309,000. Finally, Geode Capital Management LLC boosted its position in shares of Saul Centers by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 166,768 shares of the real estate investment trust’s stock valued at $7,874,000 after purchasing an additional 12,326 shares in the last quarter. Hedge funds and other institutional investors own 45.78% of the company’s stock.
BFS stock traded down $0.18 during midday trading on Monday, reaching $54.26. 23,814 shares of the stock were exchanged, compared to its average volume of 49,153. The company has a market cap of $1.24 billion, a PE ratio of 17.39, a PEG ratio of 3.30 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 firm has a fifty day moving average of $55.52.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, July 16th. This represents a $2.12 dividend on an annualized basis and a yield of 3.91%. Saul Centers’s dividend payout ratio is currently 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) 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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