Brokerages Anticipate Saul Centers Inc (BFS) Will Post Earnings of $0.81 Per Share
Wall Street analysts predict that Saul Centers Inc (NYSE:BFS) will post earnings per share of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Saul Centers’ earnings, with estimates ranging from $0.80 to $0.84. Saul Centers reported earnings of $0.87 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.9%. The company is expected to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Saul Centers will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.24 to $3.29. For the next fiscal year, analysts expect that the firm will post earnings of $3.42 per share, with EPS estimates ranging from $3.41 to $3.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Saul Centers.
Several brokerages have commented on BFS. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James Financial reiterated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.
In other Saul Centers news, insider James Page Lansdale sold 11,027 shares of the stock in a transaction 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 directly owns 11,627 shares in the company, valued at approximately $744,825.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 20,999 shares of company stock worth $1,329,716. Company insiders own 48.80% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Saul Centers during the 4th quarter valued at $334,000. Millennium Management LLC boosted its stake in Saul Centers by 50.8% during the 4th quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock valued at $2,339,000 after purchasing an additional 12,762 shares during the last quarter. Teachers Advisors LLC boosted its stake in Saul Centers by 2.1% during the 4th quarter. Teachers Advisors LLC now owns 164,293 shares of the real estate investment trust’s stock valued at $10,145,000 after purchasing an additional 3,377 shares during the last quarter. Deutsche Bank AG boosted its stake in Saul Centers by 110.4% during the 4th quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock valued at $1,815,000 after purchasing an additional 15,435 shares during the last quarter. Finally, Jefferies Group LLC purchased a new stake in Saul Centers during the 4th quarter valued at $284,000. Institutional investors and hedge funds own 45.19% of the company’s stock.
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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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