Shares of Saul Centers, Inc. (NYSE:BFS – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $28.56 and last traded at $28.6650, with a volume of 38,072 shares trading hands. The stock had previously closed at $29.09.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered shares of Saul Centers from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Saul Centers presently has an average rating of “Hold”.
View Our Latest Stock Report on BFS
Saul Centers Trading Down 1.2%
The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $710.35 million, a price-to-earnings ratio of 29.65 and a beta of 0.91. The company has a fifty day moving average price of $31.00 and a 200-day moving average price of $33.56.
Saul Centers (NYSE:BFS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Saul Centers had a return on equity of 11.97% and a net margin of 11.54%. The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $78.98 million.
Saul Centers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th. Saul Centers’s dividend payout ratio (DPR) is 243.30%.
Hedge Funds Weigh In On Saul Centers
Several institutional investors have recently bought and sold shares of BFS. Laurel Wealth Advisors LLC bought a new stake in shares of Saul Centers in the third quarter valued at about $51,000. Inspire Investing LLC lifted its stake in Saul Centers by 17.2% in the 3rd quarter. Inspire Investing LLC now owns 21,225 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 3,116 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Saul Centers by 3,698.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,713 shares of the real estate investment trust’s stock worth $412,000 after acquiring an additional 13,352 shares during the period. State Street Corp boosted its position in Saul Centers by 9.9% during the second quarter. State Street Corp now owns 570,914 shares of the real estate investment trust’s stock worth $21,346,000 after purchasing an additional 51,504 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Saul Centers in the 2nd quarter valued at about $425,000. Institutional investors own 49.99% of the company’s stock.
Saul Centers Company Profile
Saul Centers, Inc (NYSE: BFS) is a self-managed real estate investment trust that owns, operates, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of neighborhood and community shopping centers, along with mixed-use properties that combine retail, office and other commercial space.
Saul Centers’ shopping centers are generally anchored by grocery stores, supermarkets, drugstores and other service-oriented retailers. Its properties are designed to serve local communities and typically include a range of tenants such as restaurants, personal-service businesses and specialty retailers.
Founded in 1993 and headquartered in Bethesda, Maryland, Saul Centers focuses primarily on the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and surrounding parts of Maryland and Virginia.
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