Capital One Financial Weighs in on Saul Centers Inc’s FY2017 Earnings (BFS)

Saul Centers Inc (NYSE:BFS) – Investment analysts at Capital One Financial decreased their FY2017 EPS estimates for Saul Centers in a report issued on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $3.19 per share for the year, down from their previous forecast of $3.24. Capital One Financial also issued estimates for Saul Centers’ Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.81 EPS and FY2019 earnings at $3.41 EPS.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.

Saul Centers (BFS) opened at $51.06 on Wednesday. Saul Centers has a 52-week low of $48.17 and a 52-week high of $66.14. The stock has a market capitalization of $1,098.07, a P/E ratio of 15.92, a PEG ratio of 3.05 and a beta of 0.60. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Saul Centers by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,600 shares of the real estate investment trust’s stock valued at $23,008,000 after buying an additional 35,100 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Saul Centers in the fourth quarter valued at $300,000. Geode Capital Management LLC increased its holdings in shares of Saul Centers by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 125,454 shares of the real estate investment trust’s stock valued at $7,746,000 after buying an additional 4,618 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Saul Centers by 3.7% in the fourth quarter. BlackRock Inc. now owns 1,864,136 shares of the real estate investment trust’s stock valued at $115,110,000 after buying an additional 66,475 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Saul Centers by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 195,454 shares of the real estate investment trust’s stock valued at $12,070,000 after buying an additional 6,648 shares in the last quarter. 45.34% of the stock is currently owned by institutional investors.

In related news, insider James Page Lansdale sold 11,027 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $64.06, for a total transaction of $706,389.62. Following the sale, the insider now owns 11,627 shares of the company’s stock, valued at $744,825.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 20,999 shares of company stock worth $1,329,716. 48.80% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a dividend of $0.52 per share. This is a boost from Saul Centers’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $2.08 annualized dividend and a yield of 4.07%. Saul Centers’s payout ratio is presently 127.61%.

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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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