Wall Street brokerages expect that Saul Centers Inc (NYSE:BFS) will report sales of $55.84 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Saul Centers’ earnings, with the lowest sales estimate coming in at $54.27 million and the highest estimate coming in at $57.17 million. Saul Centers posted sales of $54.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Saul Centers will report full year sales of $55.84 million for the current year, with estimates ranging from $216.08 million to $227.77 million. For the next year, analysts forecast that the firm will report sales of $228.88 million per share, with estimates ranging from $222.91 million to $233.35 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Saul Centers.
Several equities research analysts have commented on BFS shares. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research report on Monday, December 4th.
Several institutional investors have recently added to or reduced their stakes in BFS. BlackRock Inc. boosted its position in shares of Saul Centers by 3.7% in the 4th quarter. BlackRock Inc. now owns 1,864,136 shares of the real estate investment trust’s stock worth $115,110,000 after buying an additional 66,475 shares in the last quarter. AXA boosted its position in shares of Saul Centers by 31.6% in the 3rd quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock worth $16,464,000 after buying an additional 63,867 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Saul Centers by 226.2% in the 4th quarter. Arizona State Retirement System now owns 20,245 shares of the real estate investment trust’s stock worth $1,250,000 after buying an additional 14,039 shares in the last quarter. Northern Trust Corp boosted its position in shares of Saul Centers by 5.8% in the 2nd quarter. Northern Trust Corp now owns 209,363 shares of the real estate investment trust’s stock worth $12,139,000 after buying an additional 11,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Saul Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,117 shares of the real estate investment trust’s stock worth $11,024,000 after buying an additional 8,385 shares in the last quarter. Institutional investors and hedge funds own 45.40% of the company’s stock.
Shares of Saul Centers (NYSE:BFS) opened at $51.55 on Monday. The company has a market cap of $1,128.94, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. Saul Centers has a 1 year low of $50.30 and a 1 year high of $66.14. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.52 per share. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Tuesday, January 16th. Saul Centers’s payout ratio is presently 127.61%.
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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