Saul Centers (BFS) Expected to Announce Earnings on Friday

Saul Centers (NYSE:BFS) is anticipated to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $73.1480 million for the quarter.

Saul Centers Price Performance

Shares of NYSE:BFS traded up $0.13 on Friday, hitting $34.85. The company’s stock had a trading volume of 65,714 shares, compared to its average volume of 60,861. The company has a market capitalization of $850.74 million, a PE ratio of 30.05 and a beta of 1.03. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50-day simple moving average of $32.48 and a 200 day simple moving average of $31.82. Saul Centers has a 1 year low of $29.16 and a 1 year high of $37.88.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.8%. Saul Centers’s dividend payout ratio is presently 203.45%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saul Centers in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Saul Centers

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in shares of Saul Centers by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 13,027 shares of the real estate investment trust’s stock valued at $411,000 after purchasing an additional 420 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Saul Centers by 7.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,742 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 475 shares during the period. Inspire Investing LLC grew its stake in shares of Saul Centers by 4.3% during the fourth quarter. Inspire Investing LLC now owns 14,860 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 607 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Saul Centers by 5.5% during the fourth quarter. Deutsche Bank AG now owns 13,191 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 689 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Saul Centers by 2.4% in the third quarter. Legal & General Group Plc now owns 33,637 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 795 shares during the period. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.