FY2017 EPS Estimates for Saul Centers, Inc. (BFS) Lowered by DA Davidson
Saul Centers, Inc. (NYSE:BFS) – Equities researchers at DA Davidson cut their FY2017 earnings per share (EPS) estimates for Saul Centers in a report issued on Monday. DA Davidson analyst J. Lykins 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 $3.26.
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A number of other brokerages have also commented on BFS. BidaskClub lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Saul Centers has a consensus rating of “Hold” and a consensus target price of $72.00.
Shares of Saul Centers (NYSE:BFS) opened at 60.83 on Thursday. The company has a market cap of $1.33 billion, a P/E ratio of 38.48 and a beta of 0.73. Saul Centers has a 52 week low of $55.86 and a 52 week high of $68.75. The firm has a 50-day moving average of $59.34 and a 200 day moving average of $61.10.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, July 13th. Saul Centers’s dividend payout ratio (DPR) is 129.11%.
In other Saul Centers news, VP Steven N. Corey sold 5,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $59.04, for a total transaction of $295,200.00. Following the transaction, the vice president now directly owns 5,000 shares in the company, valued at $295,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 15,000 shares of company stock worth $885,800. 48.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its stake in Saul Centers by 15.8% in the first quarter. UBS Asset Management Americas Inc. now owns 16,619 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 2,269 shares during the period. Comerica Bank raised its stake in shares of Saul Centers by 3.9% in the first quarter. Comerica Bank now owns 12,901 shares of the real estate investment trust’s stock worth $810,000 after buying an additional 487 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Saul Centers by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,243 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 827 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Saul Centers by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 188,263 shares of the real estate investment trust’s stock worth $11,600,000 after buying an additional 7,998 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Saul Centers by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 23,979 shares of the real estate investment trust’s stock worth $1,476,000 after buying an additional 3,030 shares during the last quarter. Institutional investors and hedge funds own 46.44% of the company’s stock.
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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