Saul Centers (NYSE:BFS) Releases Earnings Results, Beats Estimates By $0.12 EPS

Saul Centers (NYSE:BFS) issued its earnings results on Thursday. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12, FiscalAI reports. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%. The company had revenue of $78.42 million during the quarter, compared to the consensus estimate of $77.65 million.

Saul Centers Price Performance

Shares of NYSE:BFS traded down $0.31 during midday trading on Friday, reaching $28.50. 193,949 shares of the company were exchanged, compared to its average volume of 129,329. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.64. The business’s fifty day moving average is $30.20 and its two-hundred day moving average is $33.43. Saul Centers has a one year low of $28.27 and a one year high of $38.42. The stock has a market cap of $704.50 million, a PE ratio of 30.98 and a beta of 0.90.

Saul Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Thursday, October 15th. Saul Centers’s payout ratio is 243.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Saul Centers from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Saul Centers Company Profile

Saul Centers, Inc (NYSE: BFS) is a self-managed real estate investment trust that owns, operates, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of neighborhood and community shopping centers, along with mixed-use properties that combine retail, office and other commercial space.

Saul Centers’ shopping centers are generally anchored by grocery stores, supermarkets, drugstores and other service-oriented retailers. Its properties are designed to serve local communities and typically include a range of tenants such as restaurants, personal-service businesses and specialty retailers.

Founded in 1993 and headquartered in Bethesda, Maryland, Saul Centers focuses primarily on the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and surrounding parts of Maryland and Virginia.