Saul Centers Inc (NYSE:BFS) – Investment analysts at Capital One Financial cut their FY2018 earnings per share (EPS) estimates for shares of Saul Centers in a research note issued on Monday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $3.24 for the year, down from their previous forecast of $3.31.
Other research analysts also recently issued research reports about the company. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th.
A number of institutional investors and hedge funds have recently modified their holdings of BFS. SG Americas Securities LLC purchased a new stake in Saul Centers during the 3rd quarter valued at about $163,000. Crossmark Global Holdings Inc. purchased a new stake in Saul Centers during the 3rd quarter valued at about $209,000. QS Investors LLC grew its stake in Saul Centers by 400.0% during the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 2,800 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Saul Centers during the 2nd quarter valued at about $239,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Saul Centers by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,440 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 1,660 shares during 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 Saul Centers 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 approximately $744,825.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 20,999 shares of company stock worth $1,329,716 in the last three months. 48.80% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.13%. The ex-dividend date was Tuesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s dividend payout ratio (DPR) is 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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