Saul Centers, Inc. (BFS) Expected to Announce Earnings of $0.80 Per Share
Brokerages predict that Saul Centers, Inc. (NYSE:BFS) will post earnings per share (EPS) of $0.80 for the current quarter, according to Zacks. Three analysts have made estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.82. Saul Centers reported earnings of $0.73 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The company is scheduled to issue its next earnings results on Tuesday, November 7th.
On average, analysts expect that Saul Centers will report full year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.24 to $3.28. For the next year, analysts expect that the business will post earnings of $3.38 per share, with EPS estimates ranging from $3.34 to $3.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Saul Centers.
BFS has been the topic of several recent analyst reports. BidaskClub downgraded Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Saul Centers presently has a consensus rating of “Hold” and a consensus target price of $72.00.
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In other news, VP Steven N. Corey sold 5,000 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $59.04, for a total transaction of $295,200.00. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $295,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 15,000 shares of company stock worth $885,800 over the last three months. Insiders own 48.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in Saul Centers by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,031 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Saul Centers by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 130 shares during the last quarter. Mason Street Advisors LLC boosted its position in Saul Centers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 180 shares during the last quarter. Karp Capital Management Corp purchased a new position in Saul Centers during the first quarter valued at $222,000. Finally, Aperio Group LLC boosted its position in Saul Centers by 6.2% in the second quarter. Aperio Group LLC now owns 3,828 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 225 shares during the last quarter. 46.44% of the stock is currently owned by hedge funds and other institutional investors.
Saul Centers (NYSE:BFS) opened at 59.25 on Friday. The company has a 50-day moving average price of $59.44 and a 200-day moving average price of $61.05. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.75. The firm has a market cap of $1.29 billion, a P/E ratio of 37.48 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $2.04 annualized dividend and a dividend yield of 3.44%. Saul Centers’s payout ratio is 129.11%.
Saul Centers Company Profile
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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