Saul Centers, Inc. (BFS) to Distribute Quarterly Dividend of $0.59 on October 30th

Saul Centers, Inc. (NYSE:BFS) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, October 15th.

Saul Centers has raised its dividend by an average of 0.0%annually over the last three years. Saul Centers has a dividend payout ratio of 181.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Saul Centers Stock Down 0.4%

BFS opened at $30.20 on Friday. Saul Centers has a fifty-two week low of $29.16 and a fifty-two week high of $38.42. The firm has a market capitalization of $746.62 million, a P/E ratio of 31.14 and a beta of 0.90. The company’s 50-day moving average is $33.87 and its 200 day moving average is $34.44. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.62 and a quick ratio of 1.62.

Saul Centers (NYSE:BFS) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $78.98 million. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Saul Centers in a research report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Saul Centers

Saul Centers, Inc is a self-managed real estate investment trust that owns, operates, acquires, develops, and redevelops income-producing commercial real estate. The company’s portfolio is primarily composed of grocery-anchored community and neighborhood shopping centers, as well as mixed-use properties that combine retail, office, residential, and other uses.

The company focuses on leasing space to retailers, restaurants, service providers, and other commercial tenants. Its properties are concentrated in the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and nearby markets in Maryland and Virginia, with an emphasis on locations serving established residential communities.

Saul Centers was established in 1993 and is affiliated with B.F.