Saul Centers Inc (NYSE:BFS) – Capital One Financial Corp. raised their Q1 2017 earnings per share (EPS) estimates for shares of Saul Centers in a note issued to investors on Tuesday, Zacks Investment Research reports. Capital One Financial Corp. analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.78 for the quarter, up from their prior forecast of $0.75. Capital One Financial Corp. also issued estimates for Saul Centers’ Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $0.82 EPS and FY2018 earnings at $3.40 EPS.
Separately, Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, January 2nd.
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Saul Centers (NYSE:BFS) traded down 0.17% during midday trading on Thursday, hitting $64.27. The stock had a trading volume of 22,685 shares. Saul Centers has a 12-month low of $50.77 and a 12-month high of $68.75. The stock has a market cap of $1.38 billion, a P/E ratio of 42.28 and a beta of 0.72. The company’s 50-day moving average price is $62.58 and its 200 day moving average price is $63.70.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $2.04 annualized dividend and a yield of 3.17%. Saul Centers’s dividend payout ratio is 134.21%.
In other news, Director Patrick F. Noonan sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $61.42, for a total value of $153,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott V. Schneider sold 5,560 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $62.26, for a total value of $346,165.60. Following the completion of the sale, the insider now owns 4,500 shares in the company, valued at $280,170. The disclosure for this sale can be found here. Insiders have sold 10,560 shares of company stock worth $657,016 over the last 90 days. Corporate insiders own 50.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BFS. Norges Bank bought a new stake in Saul Centers during the fourth quarter valued at $10,242,000. BlackRock Fund Advisors raised its stake in Saul Centers by 13.0% in the third quarter. BlackRock Fund Advisors now owns 778,378 shares of the real estate investment trust’s stock valued at $51,840,000 after buying an additional 89,764 shares in the last quarter. Renaissance Technologies LLC raised its stake in Saul Centers by 10.7% in the fourth quarter. Renaissance Technologies LLC now owns 288,300 shares of the real estate investment trust’s stock valued at $19,204,000 after buying an additional 27,800 shares in the last quarter. Principal Financial Group Inc. raised its stake in Saul Centers by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,163,664 shares of the real estate investment trust’s stock valued at $77,501,000 after buying an additional 24,352 shares in the last quarter. Finally, State Street Corp raised its stake in Saul Centers by 4.8% in the fourth quarter. State Street Corp now owns 422,587 shares of the real estate investment trust’s stock valued at $28,145,000 after buying an additional 19,311 shares in the last quarter. Institutional investors own 45.63% of the company’s stock.
About Saul Centers
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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