Saul Centers Inc (NYSE:BFS) shares hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $48.09 and last traded at $49.55, with a volume of 10636 shares. The stock had previously closed at $49.20.
BFS has been the subject of several research reports. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Monday, February 5th. DA Davidson set a $55.00 price objective on shares of Saul Centers and gave the company a “hold” rating in a report on Monday, March 5th. Finally, B. Riley initiated coverage on shares of Saul Centers in a report on Thursday, April 5th. They set a “neutral” rating and a $54.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Saul Centers has an average rating of “Hold” and an average price target of $54.50.
The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $1,096.70, a price-to-earnings ratio of 15.68, a P/E/G ratio of 3.07 and a beta of 0.66.
Saul Centers (NYSE:BFS) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.39). Saul Centers had a net margin of 21.23% and a return on equity of 23.40%. The company had revenue of $56.68 million for the quarter, compared to analysts’ expectations of $55.50 million. analysts anticipate that Saul Centers Inc will post 3.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, April 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.14%. Saul Centers’s payout ratio is 65.41%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Saul Centers by 10.1% during the fourth quarter. Bank of Montreal Can now owns 16,932 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 1,554 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Saul Centers by 0.8% during the third 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 during the period. Public Employees Retirement System of Ohio grew its position in Saul Centers by 9.6% during the third quarter. Public Employees Retirement System of Ohio now owns 18,634 shares of the real estate investment trust’s stock valued at $1,154,000 after buying an additional 1,636 shares during the period. Bowling Portfolio Management LLC grew its position in Saul Centers by 12.4% during the fourth 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 during the period. Finally, Swiss National Bank grew its position in Saul Centers by 9.4% during the fourth 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 during the period. 46.49% of the stock is owned by hedge funds and other institutional investors.
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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