$57.04 Million in Sales Expected for Saul Centers, Inc. (BFS) This Quarter
Equities research analysts forecast that Saul Centers, Inc. (NYSE:BFS) will announce sales of $57.04 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Saul Centers’ earnings. The highest sales estimate is $57.23 million and the lowest is $56.76 million. Saul Centers reported sales of $53.23 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Saul Centers will report full year sales of $57.04 million for the current fiscal year, with estimates ranging from $228.06 million to $230.65 million. For the next financial year, analysts anticipate that the company will report sales of $235.20 million per share, with estimates ranging from $231.65 million to $239.54 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Saul Centers.
Several brokerages have recently commented on BFS. Zacks Investment Research lowered Saul Centers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub lowered Saul Centers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $72.00.
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Saul Centers (NYSE BFS) traded down 2.37% on Tuesday, reaching $58.96. The company’s stock had a trading volume of 13,804 shares. The stock’s 50 day moving average price is $59.52 and its 200 day moving average price is $60.96. The firm has a market cap of $1.29 billion, a PE ratio of 37.29 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 business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, July 13th. Saul Centers’s dividend payout ratio is presently 129.11%.
In related news, Director Patrick F. Noonan sold 5,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the sale, the director now directly owns 12,588 shares in the company, valued at approximately $730,104. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $885,800 over the last 90 days. 48.80% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in shares of Saul Centers by 0.3% in the second quarter. Prudential Financial Inc. now owns 21,878 shares of the real estate investment trust’s stock valued at $1,268,000 after buying an additional 58 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of 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. Arizona State Retirement System boosted its stake in shares of Saul Centers by 1.6% in the second quarter. Arizona State Retirement System now owns 6,206 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Saul Centers by 1.3% in the second quarter. Texas Permanent School Fund now owns 8,633 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 110 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Saul Centers by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 130 shares in the last quarter. Institutional investors own 45.66% of the company’s stock.
Saul Centers Company Profile
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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