Wall Street brokerages expect that Saul Centers Inc (NYSE:BFS) will report $57.98 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Saul Centers’ earnings, with the highest sales estimate coming in at $59.08 million and the lowest estimate coming in at $57.24 million. Saul Centers reported sales of $57.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to announce its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Saul Centers will report full-year sales of $235.34 million for the current year, with estimates ranging from $233.84 million to $238.29 million. For the next fiscal year, analysts anticipate that the company will post sales of $244.09 million, with estimates ranging from $242.16 million to $246.23 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 brokerages recently commented on BFS. DA Davidson reaffirmed a “neutral” rating on shares of Saul Centers in a research report on Monday, July 29th. Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Monday, August 12th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Saul Centers by 3.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,189,920 shares of the real estate investment trust’s stock worth $66,790,000 after buying an additional 38,367 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Saul Centers by 6.7% in the second quarter. Renaissance Technologies LLC now owns 501,374 shares of the real estate investment trust’s stock worth $28,142,000 after buying an additional 31,700 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Saul Centers in the second quarter worth $13,164,000. Wells Fargo & Company MN lifted its stake in shares of Saul Centers by 1.2% in the second quarter. Wells Fargo & Company MN now owns 210,621 shares of the real estate investment trust’s stock worth $11,821,000 after buying an additional 2,567 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Saul Centers by 1.4% in the second quarter. Northern Trust Corp now owns 210,489 shares of the real estate investment trust’s stock worth $11,815,000 after buying an additional 2,816 shares during the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.
BFS traded up $0.02 on Monday, reaching $54.12. 13,689 shares of the company traded hands, compared to its average volume of 49,557. The stock’s 50 day moving average price is $53.03 and its 200-day moving average price is $53.85. Saul Centers has a 52-week low of $45.49 and a 52-week high of $58.49. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 3.34 and a beta of 0.92. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.44 and a quick ratio of 1.44.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, October 16th. Saul Centers’s dividend payout ratio (DPR) is presently 68.17%.
Saul Centers Company Profile
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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