Saul Centers Inc to Post Q2 2019 Earnings of $0.80 Per Share, Capital One Financial Forecasts (BFS)
Saul Centers Inc (NYSE:BFS) – Analysts at Capital One Financial decreased their Q2 2019 earnings estimates for Saul Centers in a report issued on Thursday, May 16th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.80 for the quarter, down from their prior estimate of $0.81. Capital One Financial also issued estimates for Saul Centers’ Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.82 EPS, Q1 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.79 EPS, FY2020 earnings at $3.22 EPS and FY2021 earnings at $3.42 EPS.
Separately, Zacks Investment Research lowered shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th.
Saul Centers (NYSE:BFS) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). Saul Centers had a return on equity of 21.45% and a net margin of 22.23%. The company had revenue of $59.75 million for the quarter, compared to analyst estimates of $58.21 million.
Hedge funds have recently modified their holdings of the business. Advisory Alpha LLC acquired a new stake in Saul Centers in the 1st quarter valued at $27,000. Quantamental Technologies LLC increased its stake in Saul Centers by 600.0% in the 1st quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 600 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Saul Centers in the 1st quarter valued at $47,000. Bessemer Group Inc. acquired a new stake in Saul Centers in the 4th quarter valued at $71,000. Finally, BNP Paribas Arbitrage SA increased its stake in Saul Centers by 94.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 46.11% of the company’s stock.
In other Saul Centers news, VP Charles W. Sherren, Jr. sold 10,000 shares of Saul Centers stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $54.58, for a total value of $545,800.00. Following the sale, the vice president now directly owns 10,678 shares in the company, valued at approximately $582,805.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Sullivan III sold 2,500 shares of Saul Centers stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total transaction of $132,500.00. The disclosure for this sale can be found here. 48.50% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a $0.53 dividend. The ex-dividend date was Monday, April 15th. This represents a $2.12 annualized dividend and a yield of 3.84%. Saul Centers’s payout ratio is currently 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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