Equities analysts expect that Saul Centers, Inc. (NYSE:BFS) will report sales of $56.84 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Saul Centers’ earnings, with the highest sales estimate coming in at $57.23 million and the lowest estimate coming in at $56.54 million. Saul Centers posted sales of $53.23 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Saul Centers will report full year sales of $56.84 million for the current fiscal year, with estimates ranging from $228.06 million to $228.46 million. For the next financial year, analysts expect that the firm will post sales of $234.12 million per share, with estimates ranging from $231.65 million to $236.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Saul Centers.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, BidaskClub lowered Saul Centers from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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Saul Centers (NYSE BFS) opened at 61.17 on Thursday. Saul Centers has a 52 week low of $55.86 and a 52 week high of $68.33. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 38.69 and a beta of 0.72. The stock’s 50 day moving average price is $60.45 and its 200 day moving average price is $60.30.
In other Saul Centers news, Director Philip D. Caraci sold 1,000 shares of Saul Centers stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $60.89, for a total transaction of $60,890.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Steven N. Corey sold 5,000 shares of Saul Centers stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $59.04, for a total value of $295,200.00. Following the transaction, the vice president now directly owns 5,000 shares in the company, valued at $295,200. The disclosure for this sale can be found here. Insiders have sold a total of 8,544 shares of company stock worth $513,177 over the last ninety days. Company insiders own 48.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in Saul Centers by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,331 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,031 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Saul Centers by 4.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,780 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 130 shares during the period. Mason Street Advisors LLC lifted its holdings in Saul Centers by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 2,752 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 180 shares during the period. QS Investors LLC lifted its holdings in Saul Centers by 400.0% during the 2nd quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,800 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Saul Centers during the 1st quarter worth about $222,000. 45.16% of the stock is currently owned by hedge funds and other institutional investors.
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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