Saul Centers (BFS) Expected to Announce Earnings on Thursday

Saul Centers (NYSE:BFS) is projected to release its results before the market opens on Thursday, February 26th. Analysts expect Saul Centers to post earnings of $0.27 per share and revenue of $73.1480 million for the quarter.

Saul Centers Stock Performance

Shares of BFS stock traded down $0.26 during trading on Tuesday, reaching $34.72. 5,338 shares of the company’s stock traded hands, compared to its average volume of 66,071. The firm’s 50-day moving average is $32.53 and its 200 day moving average is $31.84. The company has a market capitalization of $847.52 million, a P/E ratio of 29.93 and a beta of 1.03. Saul Centers has a 1 year low of $29.16 and a 1 year high of $37.88. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 5.29.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $2.36 dividend on an annualized basis and a yield of 6.8%. Saul Centers’s dividend payout ratio is 203.45%.

Institutional Trading of Saul Centers

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of Saul Centers by 3.3% during the fourth quarter. Russell Investments Group Ltd. now owns 13,027 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 420 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Saul Centers by 7.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,742 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 475 shares during the last quarter. Inspire Investing LLC lifted its holdings in Saul Centers by 4.3% in the 4th quarter. Inspire Investing LLC now owns 14,860 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 607 shares during the period. Deutsche Bank AG grew its position in shares of Saul Centers by 5.5% in the 4th quarter. Deutsche Bank AG now owns 13,191 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 689 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Saul Centers by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 33,637 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 795 shares during the last quarter. 49.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Saul Centers in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Saul Centers Company Profile

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.