Wall Street brokerages expect that Saul Centers Inc (NYSE:BFS) will announce sales of $58.72 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Saul Centers’ earnings. The lowest sales estimate is $58.04 million and the highest is $59.18 million. Saul Centers posted sales of $57.01 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that Saul Centers will report full-year sales of $236.02 million for the current financial year, with estimates ranging from $232.85 million to $238.29 million. For the next fiscal year, analysts expect that the company will post sales of $244.49 million, with estimates ranging from $237.33 million to $249.88 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Saul Centers.
A number of research firms have commented on BFS. DA Davidson reiterated a “neutral” rating on shares of Saul Centers in a research note on Monday, July 29th. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.
A number of institutional investors have recently bought and sold shares of BFS. Norges Bank acquired a new stake in Saul Centers during the fourth quarter worth about $8,309,000. Panagora Asset Management Inc. acquired a new stake in Saul Centers during the second quarter worth about $2,338,000. Millennium Management LLC grew its holdings in Saul Centers by 171.7% during the fourth quarter. Millennium Management LLC now owns 64,394 shares of the real estate investment trust’s stock worth $3,041,000 after acquiring an additional 40,692 shares during the period. Martingale Asset Management L P acquired a new stake in Saul Centers during the first quarter worth about $1,805,000. Finally, Marshall Wace LLP acquired a new stake in Saul Centers during the first quarter worth about $1,282,000. 45.81% of the stock is currently owned by hedge funds and other institutional investors.
Saul Centers stock traded down $0.21 during midday trading on Tuesday, reaching $53.74. The company’s stock had a trading volume of 2,032 shares, compared to its average volume of 51,840. The stock’s 50-day simple moving average is $54.75. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.32 and a quick ratio of 1.32. Saul Centers has a 52-week low of $45.49 and a 52-week high of $60.65. The firm has a market capitalization of $1.19 billion, a PE ratio of 17.22, a P/E/G ratio of 3.16 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, July 16th. Saul Centers’s dividend payout ratio (DPR) is presently 68.17%.
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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