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