Saul Centers Inc (BFS) Expected to Announce Quarterly Sales of $58.21 Million

Equities research analysts expect Saul Centers Inc (NYSE:BFS) to report $58.21 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Saul Centers’ earnings. The lowest sales estimate is $57.86 million and the highest is $58.40 million. Saul Centers posted sales of $56.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is expected to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Saul Centers will report full year sales of $234.74 million for the current year, with estimates ranging from $232.85 million to $235.75 million. For the next fiscal year, analysts expect that the firm will post sales of $245.27 million, with estimates ranging from $237.33 million to $251.37 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Saul Centers.

Separately, Zacks Investment Research cut Saul Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th.

Saul Centers stock traded down $0.41 during trading hours on Friday, reaching $52.38. The company had a trading volume of 435 shares, compared to its average volume of 57,070. The company has a debt-to-equity ratio of 4.17, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market capitalization of $1.21 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00. Saul Centers has a 12-month low of $45.49 and a 12-month high of $60.65.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $2.12 dividend on an annualized basis and a yield of 4.05%. Saul Centers’s dividend payout ratio (DPR) is currently 68.17%.

In other Saul Centers news, Director Mark Sullivan III sold 2,500 shares of Saul Centers stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $53.00, for a total value of $132,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 48.50% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of BFS. Bessemer Group Inc. bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $71,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $162,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Saul Centers in the 4th quarter worth approximately $207,000. Metropolitan Life Insurance Co. NY grew its position in shares of Saul Centers by 203.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,466 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 2,993 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of Saul Centers in the 3rd quarter worth approximately $266,000. Hedge funds and other institutional investors own 46.68% of the company’s stock.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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Earnings History and Estimates for Saul Centers (NYSE:BFS)

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