Saul Centers, Inc. (BFS) Expected to Post Quarterly Sales of $56.84 Million
Equities analysts expect Saul Centers, Inc. (NYSE:BFS) to report sales of $56.84 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Saul Centers’ earnings, with estimates ranging from $56.54 million to $57.23 million. Saul Centers reported sales of $53.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is expected to issue its next earnings report on Tuesday, November 7th.
On average, analysts expect that Saul Centers will report full-year sales of $56.84 million for the current fiscal year, with estimates ranging from $228.06 million to $228.46 million. For the next financial year, analysts forecast that the firm will report sales of $234.12 million per share, with estimates ranging from $231.65 million to $236.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Saul Centers.
Several equities analysts have recently issued reports on BFS shares. BidaskClub raised Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th.
Saul Centers (BFS) traded up 0.53% during mid-day trading on Thursday, hitting $60.79. The stock had a trading volume of 16,709 shares. The stock has a market cap of $1.33 billion, a PE ratio of 38.45 and a beta of 0.72. Saul Centers has a 1-year low of $55.86 and a 1-year high of $68.33. The firm’s 50-day moving average price is $60.45 and its 200-day moving average price is $60.30.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Monday, October 16th. Saul Centers’s dividend payout ratio is presently 129.11%.
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In other news, VP Charles W. Sherren, Jr. sold 2,453 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $61.72, for a total value of $151,399.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick F. Noonan sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $61.15, for a total value of $305,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,544 shares of company stock valued at $818,927. 48.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in Saul Centers by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,031 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in Saul Centers by 4.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 130 shares during the period. Mason Street Advisors LLC grew its holdings in Saul Centers by 7.0% during the first quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 180 shares during the period. QS Investors LLC grew its holdings in Saul Centers by 400.0% during the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 2,800 shares during the period. Finally, Karp Capital Management Corp bought a new position in Saul Centers during the first quarter valued at $222,000. 45.16% of the stock is owned by institutional investors and hedge funds.
Saul Centers Company Profile
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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