Saul Centers, Inc. (NYSE:BFS) – Analysts at Capital One Financial Corporation decreased their Q3 2017 earnings estimates for Saul Centers in a report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.80 for the quarter, down from their prior estimate of $0.81. Capital One Financial Corporation also issued estimates for Saul Centers’ FY2017 earnings at $3.24 EPS, Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.31 EPS and FY2019 earnings at $3.44 EPS.

A number of other analysts have also weighed in on BFS. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered Saul Centers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th.

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Saul Centers (NYSE BFS) opened at 61.75 on Wednesday. Saul Centers has a 12 month low of $55.86 and a 12 month high of $68.33. The firm’s 50-day moving average is $62.72 and its 200-day moving average is $60.48. The stock has a market capitalization of $1.35 billion, a P/E ratio of 39.06 and a beta of 0.72.

Several institutional investors have recently made changes to their positions in BFS. BlackRock Inc. increased its stake in shares of Saul Centers by 8,480.0% during the first quarter. BlackRock Inc. now owns 1,703,224 shares of the real estate investment trust’s stock valued at $104,953,000 after buying an additional 1,683,373 shares during the period. Vanguard Group Inc. increased its stake in shares of Saul Centers by 2.3% during the first quarter. Vanguard Group Inc. now owns 2,079,236 shares of the real estate investment trust’s stock valued at $128,122,000 after buying an additional 46,999 shares during the period. State Street Corp increased its stake in shares of Saul Centers by 8.7% during the first quarter. State Street Corp now owns 459,435 shares of the real estate investment trust’s stock valued at $28,306,000 after buying an additional 36,848 shares during the period. Renaissance Technologies LLC increased its stake in shares of Saul Centers by 5.4% during the first quarter. Renaissance Technologies LLC now owns 303,800 shares of the real estate investment trust’s stock valued at $18,720,000 after buying an additional 15,500 shares during the period. Finally, AXA increased its stake in shares of Saul Centers by 8.1% during the second quarter. AXA now owns 202,074 shares of the real estate investment trust’s stock valued at $11,716,000 after buying an additional 15,065 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

In other news, VP Charles W. Sherren, Jr. sold 2,453 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.72, for a total transaction of $151,399.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher Netter sold 4,000 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $63.31, for a total value of $253,240.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,328 shares of company stock worth $2,335,487. Insiders own 48.80% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.51 dividend. The ex-dividend date is Monday, October 16th. This represents a $2.04 dividend on an annualized basis and a yield of 3.30%. Saul Centers’s payout ratio is 129.11%.

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.

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

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