Wall Street analysts expect Saul Centers Inc (NYSE:BFS) to report earnings of $0.82 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.85. Saul Centers reported earnings of $0.79 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The business is expected to issue its next quarterly earnings report on Friday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.38. For the next financial year, analysts forecast that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Saul Centers.
Saul Centers (NYSE:BFS) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.35). Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. The company had revenue of $59.75 million during the quarter, compared to the consensus estimate of $58.21 million.
NYSE BFS traded down $0.61 during trading hours on Friday, hitting $53.58. The company had a trading volume of 1,443 shares, compared to its average volume of 50,614. Saul Centers has a 52 week low of $45.49 and a 52 week high of $60.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.09. The company has a market cap of $1.27 billion, a P/E ratio of 17.23, a P/E/G ratio of 3.38 and a beta of 1.00.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a $0.53 dividend. The ex-dividend date was Monday, April 15th. This represents a $2.12 annualized dividend and a yield of 3.96%. Saul Centers’s dividend payout ratio is currently 68.17%.
In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 48.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BFS. Dimensional Fund Advisors LP boosted its position in shares of Saul Centers by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock valued at $11,137,000 after acquiring an additional 1,985 shares during the last quarter. Legal & General Group Plc lifted its position in Saul Centers by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 58,957 shares of the real estate investment trust’s stock worth $3,282,000 after buying an additional 411 shares during the last quarter. Wendell David Associates Inc. lifted its position in Saul Centers by 6.7% in the 4th quarter. Wendell David Associates Inc. now owns 15,835 shares of the real estate investment trust’s stock worth $748,000 after buying an additional 1,000 shares during the last quarter. Vanguard Group Inc lifted its position in Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock worth $109,075,000 after buying an additional 53,115 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Saul Centers by 0.7% in the 3rd quarter. Teachers Advisors LLC now owns 166,390 shares of the real estate investment trust’s stock worth $9,318,000 after buying an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.
About Saul Centers
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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