Saul Centers (NYSE:BFS) Announces Earnings Results

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

Saul Centers Stock 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. Saul Centers has a 12 month low of $29.16 and a 12 month high of $38.42. The company has a market capitalization of $834.34 million, a price-to-earnings ratio of 35.05 and a beta of 0.91. The stock’s 50-day moving average is $36.12 and its two-hundred day moving average is $34.52. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.71 and a current ratio of 1.71.

Saul Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $2.36 annualized dividend and a dividend yield of 6.9%. Saul Centers’s dividend payout ratio is presently 222.64%.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Saul Centers

Insider Buying and Selling at Saul Centers

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

Hedge Funds Weigh In On Saul Centers

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Saul Centers in the 2nd quarter worth approximately $27,000. Strs Ohio acquired a new position in shares of Saul Centers during the first quarter valued at approximately $76,000. Quadrant Capital Group LLC bought a new stake in Saul Centers during the third quarter worth approximately $82,000. Cubist Systematic Strategies LLC acquired a new stake in Saul Centers in the first quarter worth approximately $118,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Saul Centers in the fourth quarter worth approximately $135,000. Institutional investors and hedge funds own 49.99% of the company’s stock.

About Saul Centers

(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)

Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.