Saul Centers (NYSE:BFS) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Saul Centers (NYSE:BFSGet Free Report) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10, FiscalAI reports. Saul Centers had a return on equity of 11.87% and a net margin of 11.54%.The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $78.98 million.

Saul Centers Price Performance

Shares of NYSE:BFS traded up $0.20 on Friday, hitting $34.00. The company’s stock had a trading volume of 106,565 shares, compared to its average volume of 86,945. The company has a market capitalization of $834.34 million, a PE ratio of 35.05 and a beta of 0.91. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.71 and a quick ratio of 1.71. The company has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $34.52. Saul Centers has a 1 year low of $29.16 and a 1 year high of $38.42.

Saul Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Wednesday, July 15th. Saul Centers’s dividend payout ratio (DPR) is 222.64%.

Insiders Place Their Bets

In related news, COO David Todd Pearson bought 2,600 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $34.74 per share, with a total value of $90,324.00. Following the completion of the purchase, the chief operating officer directly owned 79,321 shares of the company’s stock, valued at $2,755,611.54. This trade represents a 3.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 51.00% of the stock is owned by corporate insiders.

Institutional Trading of Saul Centers

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Saul Centers by 2.4% in the first quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust’s stock valued at $1,411,000 after acquiring an additional 929 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Saul Centers during the first quarter worth about $118,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Saul Centers in the 1st quarter worth about $392,000. Goldman Sachs Group Inc. boosted its holdings in shares of Saul Centers by 36.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 119,824 shares of the real estate investment trust’s stock worth $4,322,000 after purchasing an additional 31,722 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Saul Centers by 152.5% during the 1st quarter. Jane Street Group LLC now owns 22,477 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 13,576 shares during the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saul Centers in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Research Report on BFS

Saul Centers Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Saul Centers (NYSE:BFS)

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