Saul Centers, Inc. (NYSE:BFS) to Issue Quarterly Dividend of $0.59

Saul Centers, Inc. (NYSE:BFS) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.59 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, July 15th.

Saul Centers has increased its dividend payment by an average of 0.0%annually over the last three years. Saul Centers has a dividend payout ratio of 181.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Saul Centers Stock Performance

Shares of BFS stock opened at $36.01 on Friday. The company’s fifty day simple moving average is $34.82 and its 200-day simple moving average is $33.40. Saul Centers has a 52 week low of $29.16 and a 52 week high of $38.42. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 5.54. The company has a market cap of $883.69 million, a PE ratio of 33.97 and a beta of 0.92.

Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $74.64 million during the quarter, compared to analysts’ expectations of $75.11 million. Saul Centers had a net margin of 12.43% and a return on equity of 12.44%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saul Centers in a report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Saul Centers

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.