Saul Centers (NYSE:BFS) Issues Earnings Results

Saul Centers (NYSE:BFS) released its earnings results on Thursday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, FiscalAI reports. Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. The business had revenue of $72.00 million for the quarter.

Saul Centers Stock Up 0.3%

Saul Centers stock traded up $0.10 during trading on Thursday, reaching $29.87. 71,332 shares of the company’s stock were exchanged, compared to its average volume of 59,003. Saul Centers has a 52-week low of $29.16 and a 52-week high of $42.39. The firm has a market cap of $727.77 million, a price-to-earnings ratio of 22.63 and a beta of 1.16. The company has a debt-to-equity ratio of 5.16, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50-day moving average is $31.38 and its two-hundred day moving average is $32.81.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Wednesday, October 15th. Saul Centers’s dividend payout ratio is 178.79%.

Institutional Trading of Saul Centers

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Saul Centers by 853.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 734 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 657 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Saul Centers in the 2nd quarter worth approximately $27,000. CWM LLC boosted its holdings in Saul Centers by 105.3% in the second quarter. CWM LLC now owns 848 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 435 shares during the period. Signaturefd LLC grew its position in shares of Saul Centers by 349.2% during the 2nd quarter. Signaturefd LLC now owns 867 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 674 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Saul Centers during the second quarter worth about $69,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Saul Centers in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.