Brokerages Anticipate Saul Centers, Inc. (BFS) Will Announce Quarterly Sales of $56.36 Million
Wall Street brokerages expect that Saul Centers, Inc. (NYSE:BFS) will post $56.36 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Saul Centers’ earnings. The highest sales estimate is $56.89 million and the lowest is $55.73 million. Saul Centers posted sales of $52.71 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to issue its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Saul Centers will report full year sales of $56.36 million for the current year, with estimates ranging from $228.06 million to $230.65 million. For the next fiscal year, analysts forecast that the business will post sales of $235.33 million per share, with estimates ranging from $231.65 million to $239.54 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Saul Centers.
BFS has been the topic of several analyst reports. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.
Saul Centers (BFS) traded down 0.13% on Thursday, reaching $60.45. 1,303 shares of the company were exchanged. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 38.95 and a beta of 0.73. Saul Centers has a 52 week low of $55.86 and a 52 week high of $68.75. The stock has a 50-day moving average price of $59.04 and a 200 day moving average price of $61.39.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, July 13th. This represents a $2.04 annualized dividend and a yield of 3.37%. Saul Centers’s dividend payout ratio (DPR) is presently 131.61%.
In other Saul Centers news, Director Patrick F. Noonan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the transaction, the director now owns 12,588 shares in the company, valued at $730,104. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 15,000 shares of company stock worth $885,800. Corporate insiders own 48.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BFS. Louisiana State Employees Retirement System boosted its stake in Saul Centers by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 100 shares in the last quarter. Teachers Advisors LLC boosted its stake in Saul Centers by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 144,277 shares of the real estate investment trust’s stock valued at $9,610,000 after buying an additional 374 shares in the last quarter. AXA boosted its stake in Saul Centers by 48.7% in the first quarter. AXA now owns 187,009 shares of the real estate investment trust’s stock valued at $11,523,000 after buying an additional 61,256 shares in the last quarter. State Street Corp boosted 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. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Saul Centers by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 17,675 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 500 shares in the last quarter. Institutional investors own 46.56% 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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