Equities research analysts expect Saul Centers Inc (NYSE:BFS) to post $57.09 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Saul Centers’ earnings, with estimates ranging from $56.03 million to $57.56 million. Saul Centers reported sales of $55.91 million during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The firm is expected to report its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year sales of $231.02 million for the current financial year, with estimates ranging from $227.87 million to $233.41 million. For the next year, analysts expect that the business will report sales of $237.78 million per share, with estimates ranging from $231.49 million to $244.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Saul Centers.
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Saul Centers (NYSE:BFS) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.39). The firm had revenue of $56.68 million for the quarter, compared to the consensus estimate of $55.50 million. Saul Centers had a return on equity of 22.47% and a net margin of 20.92%.
Several equities analysts have recently commented on BFS shares. Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. B. Riley started coverage on shares of Saul Centers in a research report on Thursday, April 5th. They issued a “neutral” rating and a $54.00 target price for the company. DA Davidson set a $55.00 target price on shares of Saul Centers and gave the company a “hold” rating in a research report on Monday, March 5th. Finally, ValuEngine lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.50.
Saul Centers stock opened at $49.54 on Tuesday. The stock has a market cap of $1.09 billion, a PE ratio of 15.59, a PEG ratio of 3.04 and a beta of 0.66. The company has a debt-to-equity ratio of 4.17, a current ratio of 2.30 and a quick ratio of 2.30. Saul Centers has a one year low of $47.00 and a one year high of $65.43.
The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, April 16th were given a $0.52 dividend. The ex-dividend date was Friday, April 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.20%. Saul Centers’s dividend payout ratio is presently 65.41%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Saul Centers by 10.1% in the 4th quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after buying an additional 1,554 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Saul Centers by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 191,713 shares of the real estate investment trust’s stock valued at $11,869,000 after buying an additional 1,596 shares in the last quarter. Bowling Portfolio Management LLC grew its position in Saul Centers by 12.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 15,888 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 1,749 shares in the last quarter. Swiss National Bank grew its position in Saul Centers by 9.4% in the 4th quarter. Swiss National Bank now owns 23,183 shares of the real estate investment trust’s stock valued at $1,432,000 after buying an additional 2,000 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Saul Centers by 6.0% in the 4th quarter. California Public Employees Retirement System now owns 38,896 shares of the real estate investment trust’s stock valued at $2,402,000 after buying an additional 2,186 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.
About Saul Centers
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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