Saul Centers (NYSE:BFS) Issues Quarterly Earnings Results

Saul Centers (NYSE:BFS) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.12), Zacks reports. The firm had revenue of $71.65 million for the quarter, compared to the consensus estimate of $73.15 million. Saul Centers had a return on equity of 12.75% and a net margin of 13.83%.

Saul Centers Trading Down 0.8%

Shares of BFS stock opened at $33.86 on Friday. Saul Centers has a fifty-two week low of $29.16 and a fifty-two week high of $37.88. The stock’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $31.88. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $826.40 million, a PE ratio of 31.06 and a beta of 1.03.

Saul Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, January 15th. This represents a $2.36 annualized dividend and a yield of 7.0%. Saul Centers’s dividend payout ratio is presently 203.45%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BFS. Jane Street Group LLC acquired a new stake in shares of Saul Centers during the 4th quarter valued at $306,000. Mercer Global Advisors Inc. ADV bought a new position in Saul Centers in the fourth quarter valued at about $289,000. Ieq Capital LLC boosted its stake in shares of Saul Centers by 27.2% during the fourth quarter. Ieq Capital LLC now owns 8,476 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 1,810 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Saul Centers during the fourth quarter worth about $257,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Saul Centers by 7.6% in the second 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 buying an additional 475 shares during the period. Institutional investors and hedge funds own 49.99% of the company’s stock.

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.