Wall Street brokerages expect Saul Centers, Inc. (NYSE:BFS) to report sales of $56.88 million for the current quarter, Zacks reports. Four analysts have made 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 1.7%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full year sales of $229.87 million for the current year, with estimates ranging from $227.87 million to $233.41 million. For the next year, analysts anticipate that the business will report sales of $236.91 million per share, with estimates ranging from $231.49 million to $244.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Saul Centers.
Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.39). Saul Centers had a return on equity of 22.47% and a net margin of 20.92%. The company had revenue of $56.68 million for the quarter, compared to the consensus estimate of $55.50 million.
BFS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. B. Riley set a $54.00 target price on shares of Saul Centers and gave the company a “hold” rating in a research note on Thursday, May 10th. ValuEngine cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, DA Davidson set a $55.00 target price on shares of Saul Centers and gave the company a “hold” rating in a research note on Monday, March 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Saul Centers presently has a consensus rating of “Hold” and a consensus price target of $54.50.
Shares of Saul Centers traded down $0.36, hitting $47.50, on Tuesday, Marketbeat Ratings reports. 46,200 shares of the company were exchanged, compared to its average volume of 33,105. Saul Centers has a one year low of $47.10 and a one year high of $48.00. The company has a debt-to-equity ratio of 4.17, a quick ratio of 2.30 and a current ratio of 2.30. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.13 and a beta of 0.66.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, April 16th were paid 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 4.38%. Saul Centers’s payout ratio is currently 65.41%.
A number of hedge funds and other institutional investors have recently bought and sold shares of BFS. Dimensional Fund Advisors LP increased its stake in Saul Centers by 0.8% in 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 acquiring an additional 1,596 shares during the period. Bank of Montreal Can increased its stake in Saul Centers by 10.1% in 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 acquiring an additional 1,554 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Saul Centers by 15.9% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 21,925 shares of the real estate investment trust’s stock valued at $1,354,000 after buying an additional 3,000 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in Saul Centers by 12.4% in 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 in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Saul Centers in the fourth quarter valued at about $277,000. 46.38% of the stock is currently owned by institutional investors and hedge funds.
About Saul Centers
Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 58 properties which includes (a) 55 community and neighborhood shopping centers and mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.
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