Brokerages Expect Saul Centers Inc (BFS) to Post $0.80 EPS

Wall Street brokerages forecast that Saul Centers Inc (NYSE:BFS) will report earnings of $0.80 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.81. Saul Centers posted earnings of $0.77 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Saul Centers will report full-year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.06 to $3.10. For the next year, analysts expect that the business will post earnings of $3.34 per share, with EPS estimates ranging from $3.29 to $3.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Saul Centers.

A number of equities analysts have commented on BFS shares. ValuEngine raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, B. Riley lifted their price objective on shares of Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.50.

BFS stock opened at $52.63 on Tuesday. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.96 and a quick ratio of 1.96. Saul Centers has a one year low of $46.71 and a one year high of $65.43. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 3.63 and a beta of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, October 16th. This represents a $2.08 dividend on an annualized basis and a yield of 3.95%. Saul Centers’s dividend payout ratio (DPR) is 65.41%.

In other news, VP Steven N. Corey sold 3,750 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $59.26, for a total value of $222,225.00. Following the completion of the sale, the vice president now owns 3,750 shares of the company’s stock, valued at $222,225. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott V. Schneider sold 1,433 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $59.67, for a total transaction of $85,507.11. Following the completion of the sale, the insider now directly owns 9,398 shares of the company’s stock, valued at approximately $560,778.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,584 shares of company stock valued at $863,999. Company insiders own 49.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in BFS. Piedmont Investment Advisors LLC bought a new stake in shares of Saul Centers in the second quarter valued at about $151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Saul Centers by 145.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,850 shares during the period. Aperio Group LLC boosted its position in shares of Saul Centers by 71.9% in the first quarter. Aperio Group LLC now owns 6,961 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 2,912 shares during the period. Royal Bank of Canada boosted its position in shares of Saul Centers by 38.1% in the first quarter. Royal Bank of Canada now owns 7,692 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 2,124 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Saul Centers by 114.9% in the second quarter. State of Alaska Department of Revenue now owns 8,361 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 4,470 shares during the period. 45.28% of the stock is owned by institutional investors.

About Saul Centers

Saul Centers, Inc operates as a real estate investment trust. Its business activity includes ownership, management and development of income producing properties. The company operates through two segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighborhood shopping centers which are anchored by supermarkets, discount department stores and drug stores.

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