Saul Centers, Inc. (NYSE:BFS – Get Rating) – Equities research analysts at B. Riley increased their Q2 2023 earnings estimates for Saul Centers in a research report issued to clients and investors on Monday, November 21st. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will earn $0.78 per share for the quarter, up from their previous forecast of $0.77. The consensus estimate for Saul Centers’ current full-year earnings is $3.09 per share.
Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Saul Centers from a “buy” rating to a “hold” rating in a research report on Tuesday. Raymond James cut their price objective on Saul Centers from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, September 1st.
Saul Centers Trading Down 2.1 %
Saul Centers Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Friday, October 14th. Saul Centers’s payout ratio is 143.03%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of Saul Centers by 1.7% during the 1st quarter. Comerica Bank now owns 11,290 shares of the real estate investment trust’s stock worth $626,000 after acquiring an additional 190 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Saul Centers by 7.2% during the first quarter. Daiwa Securities Group Inc. now owns 3,895 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 260 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Saul Centers by 2.8% in the 2nd quarter. Texas Permanent School Fund now owns 9,501 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 260 shares during the period. Yousif Capital Management LLC increased its stake in Saul Centers by 2.2% in the 1st quarter. Yousif Capital Management LLC now owns 12,014 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 264 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Saul Centers by 17.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,207 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 329 shares during the period. Institutional investors own 46.83% of the company’s stock.
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) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.
- Get a free copy of the StockNews.com research report on Saul Centers (BFS)
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