Saul Centers (BFS) Posts Quarterly Earnings, Misses Expectations By $0.08 EPS
Saul Centers (NYSE:BFS) announced its earnings results on Thursday. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.08, Analyst RN reports. The company had revenue of $52.30 million for the quarter, compared to the consensus estimate of $48.26 million.
Shares of Saul Centers (NYSE:BFS) traded down 3.07% on Thursday, hitting $47.67. The stock had a trading volume of 47,342 shares. Saul Centers has a 1-year low of $42.69 and a 1-year high of $51.32. The stock’s 50-day moving average is $48.92 and its 200-day moving average is $47.32. The company has a market cap of $982.0 million and a P/E ratio of 43.33.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, July 15th.
On the ratings front, analysts at Raymond James reiterated an “outperform” rating on shares of Saul Centers in a research note on Thursday, May 15th. They now have a $53.00 price target on the stock, up previously from $52.00.
Saul Centers, Inc (NYSE:BFS) operates as a real estate investment trust (a REIT).
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