Saul Centers Inc. (NYSE:BFS) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 1-year consensus price objective of $74.00 for the company and are predicting that the company will post $0.74 EPS for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 101 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet cut shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Monday, September 12th.
Saul Centers (NYSE:BFS) traded down 0.42% during midday trading on Tuesday, hitting $67.05. 4,872 shares of the stock traded hands. The company has a 50-day moving average of $65.90 and a 200-day moving average of $59.68. Saul Centers has a 1-year low of $46.46 and a 1-year high of $68.75. The stock has a market cap of $1.43 billion, a PE ratio of 43.26 and a beta of 0.66.
Saul Centers (NYSE:BFS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The company earned $52.70 million during the quarter, compared to the consensus estimate of $52.20 million. On average, equities analysts expect that Saul Centers will post $3.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, October 12th. Saul Centers’s payout ratio is presently 121.29%.
In other news, CFO Scott V. Schneider sold 2,940 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $60.10, for a total value of $176,694.00. Following the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $180,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John F. Collich sold 12,332 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $61.73, for a total transaction of $761,254.36. Following the completion of the transaction, the vice president now directly owns 1,000 shares in the company, valued at approximately $61,730. The disclosure for this sale can be found here. 50.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. raised its position in shares of Saul Centers by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 4,293 shares of the company’s stock valued at $265,000 after buying an additional 47 shares during the period. Arizona State Retirement System raised its position in shares of Saul Centers by 1.7% in the second quarter. Arizona State Retirement System now owns 5,906 shares of the company’s stock valued at $364,000 after buying an additional 100 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares during the period. Barclays PLC raised its position in shares of Saul Centers by 0.6% in the first quarter. Barclays PLC now owns 23,683 shares of the company’s stock valued at $1,256,000 after buying an additional 140 shares during the period. Finally, BlackRock Advisors LLC raised its position in shares of Saul Centers by 3.7% in the second quarter. BlackRock Advisors LLC now owns 5,420 shares of the company’s stock valued at $334,000 after buying an additional 193 shares during the period. 45.14% of the stock is currently owned by institutional investors.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
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