Wall Street analysts forecast that Saul Centers Inc (NYSE:BFS) will post $0.77 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Saul Centers’ earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.81. Saul Centers posted earnings of $0.80 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The business is scheduled to announce its next earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Saul Centers will report full-year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.18 to $3.32. For the next fiscal year, analysts forecast that the business will report earnings of $3.32 per share, with EPS estimates ranging from $3.20 to $3.43. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Saul Centers.
A number of research analysts recently commented on BFS shares. DA Davidson restated a “neutral” rating on shares of Saul Centers in a research note on Monday, July 29th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, ValuEngine downgraded Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.
In related news, VP Charles W. Sherren, Jr. sold 3,993 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $53.00, for a total transaction of $211,629.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Saul Centers by 57.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 784 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 286 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Saul Centers during the 1st quarter worth $47,000. Russell Investments Group Ltd. bought a new position in Saul Centers during the 2nd quarter worth $102,000. Denali Advisors LLC bought a new position in Saul Centers during the 2nd quarter worth $112,000. Finally, SG Americas Securities LLC bought a new position in Saul Centers during the 3rd quarter worth $116,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.
Shares of NYSE BFS traded down $0.80 during trading on Friday, reaching $52.93. The stock had a trading volume of 38,117 shares, compared to its average volume of 48,933. Saul Centers has a one year low of $45.49 and a one year high of $58.49. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $1.26 billion, a PE ratio of 17.02, a P/E/G ratio of 3.37 and a beta of 0.88. The firm’s 50 day moving average price is $54.11 and its two-hundred day moving average price is $54.00.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were paid a dividend of $0.53 per share. The ex-dividend date was Wednesday, October 16th. This represents a $2.12 dividend on an annualized basis and a yield of 4.01%. Saul Centers’s 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.
Further Reading: What does an outperform rating mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.