Wall Street analysts predict that Saul Centers Inc (NYSE:BFS) will report sales of $58.40 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Saul Centers’ earnings. The highest sales estimate is $59.19 million and the lowest is $57.78 million. Saul Centers reported sales of $56.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The firm is scheduled to issue its next earnings report on Friday, August 2nd.

According to Zacks, analysts expect that Saul Centers will report full year sales of $236.02 million for the current year, with estimates ranging from $232.85 million to $238.29 million. For the next year, analysts anticipate that the company will report sales of $244.49 million, with estimates ranging from $237.33 million to $249.88 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Saul Centers.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.35). The firm had revenue of $59.75 million for the quarter, compared to analyst estimates of $58.21 million. Saul Centers had a return on equity of 21.45% and a net margin of 22.23%.

Separately, Zacks Investment Research cut Saul Centers from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

In related news, Director Mark Sullivan III sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total transaction of $132,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO B Francis Saul II purchased 750 shares of Saul Centers stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $53.77 per share, with a total value of $40,327.50. Following the completion of the transaction, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at approximately $2,060,896.56. The disclosure for this purchase can be found here. Corporate insiders own 48.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. boosted its position in Saul Centers by 2.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 7,370 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC boosted its position in Saul Centers by 4.2% during the first quarter. SG Americas Securities LLC now owns 7,176 shares of the real estate investment trust’s stock valued at $369,000 after purchasing an additional 292 shares during the last quarter. Texas Permanent School Fund boosted its position in Saul Centers by 4.2% during the first quarter. Texas Permanent School Fund now owns 7,861 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 319 shares during the last quarter. Comerica Bank boosted its position in Saul Centers by 3.1% during the first quarter. Comerica Bank now owns 11,411 shares of the real estate investment trust’s stock valued at $617,000 after purchasing an additional 341 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Saul Centers by 1.3% in the fourth quarter. Deutsche Bank AG now owns 28,419 shares of the real estate investment trust’s stock valued at $1,339,000 after buying an additional 359 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

NYSE BFS traded up $0.21 during trading hours on Thursday, hitting $53.90. 59,247 shares of the company traded hands, compared to its average volume of 49,235. Saul Centers has a twelve month low of $45.49 and a twelve month high of $60.65. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $1.22 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

Further Reading: Understanding Price to Earnings Ratio (PE)

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Earnings History and Estimates for Saul Centers (NYSE:BFS)

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