Equities research analysts forecast that Saul Centers Inc (NYSE:BFS) will post $58.46 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Saul Centers’ earnings, with estimates ranging from $57.78 million to $59.19 million. Saul Centers reported sales of $56.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The firm is expected to report its next quarterly earnings report on Friday, August 2nd.
According to Zacks, analysts expect that Saul Centers will report full-year sales of $235.44 million for the current financial year, with estimates ranging from $232.85 million to $238.29 million. For the next financial year, analysts expect that the company will report sales of $244.08 million, with estimates ranging from $237.33 million to $251.04 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Saul Centers.
Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). Saul Centers had a net margin of 22.23% and a return on equity of 21.45%. The firm had revenue of $59.75 million for the quarter, compared to the consensus estimate of $58.21 million.
NYSE BFS traded down $0.16 during trading on Monday, hitting $54.00. The company had a trading volume of 41,938 shares, compared to its average volume of 50,542. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 4.09. Saul Centers has a one year low of $45.49 and a one year high of $60.65. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $2.12 annualized dividend and a yield of 3.93%. Saul Centers’s dividend payout ratio (DPR) is presently 68.17%.
In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of BFS. Advisory Alpha LLC bought a new position in shares of Saul Centers in the 1st quarter worth about $27,000. Quantamental Technologies LLC increased its stake in shares of Saul Centers by 600.0% in the 1st quarter. Quantamental Technologies LLC now owns 700 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 600 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Saul Centers in the 4th quarter worth about $71,000. BNP Paribas Arbitrage SA increased its stake in shares of 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 worth $139,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Saul Centers in the 4th quarter worth about $162,000. Institutional investors own 46.71% of the company’s stock.
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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