Zacks: Analysts Expect Saul Centers Inc (BFS) Will Post Earnings of $0.80 Per Share

Equities research analysts forecast that Saul Centers Inc (NYSE:BFS) will post $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Saul Centers’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.81. Saul Centers posted earnings of $0.78 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Saul Centers will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.10. For the next year, analysts anticipate that the company will report earnings of $3.34 per share, with EPS estimates ranging from $3.29 to $3.37. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Saul Centers.

A number of research firms have commented on BFS. ValuEngine upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, B. Riley raised their price target on shares of Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.50.

In other news, Director Philip D. Caraci sold 1,100 shares of Saul Centers stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $58.00, for a total transaction of $63,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven N. Corey sold 3,750 shares of Saul Centers stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $59.26, for a total transaction of $222,225.00. Following the transaction, the vice president now owns 3,750 shares of the company’s stock, valued at $222,225. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock valued at $1,055,064 over the last quarter. Corporate insiders own 49.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Saul Centers during the second quarter valued at about $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Saul Centers by 145.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,850 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Saul Centers by 71.9% during the first quarter. Aperio Group LLC now owns 6,961 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 2,912 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Saul Centers by 38.1% during the first quarter. Royal Bank of Canada now owns 7,692 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 2,124 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Saul Centers by 114.9% during the second quarter. State of Alaska Department of Revenue now owns 8,361 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 4,470 shares during the last quarter. Hedge funds and other institutional investors own 45.28% of the company’s stock.

NYSE:BFS opened at $54.07 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 3.48 and a beta of 0.68. Saul Centers has a 12 month low of $46.71 and a 12 month high of $65.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, October 16th. Saul Centers’s dividend payout ratio is currently 65.41%.

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 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.

Featured Story: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Saul Centers (BFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Saul Centers (NYSE:BFS)

Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply