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

Equities analysts expect Saul Centers Inc (NYSE:BFS) to announce sales of $58.21 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Saul Centers’ earnings. The highest sales estimate is $58.40 million and the lowest is $57.86 million. Saul Centers reported sales of $56.50 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The company is scheduled to announce its next quarterly 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 fiscal year, with estimates ranging from $232.85 million to $235.75 million. For the next financial year, analysts forecast that the business will post sales of $245.27 million, with estimates ranging from $237.33 million to $251.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Saul Centers.

Separately, Zacks Investment Research raised shares of Saul Centers from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Monday, December 31st.

A number of hedge funds have recently modified their holdings of BFS. Bank of New York Mellon Corp increased its holdings in Saul Centers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 203,180 shares of the real estate investment trust’s stock valued at $10,886,000 after buying an additional 3,184 shares during the period. First Trust Advisors LP bought a new stake in shares of Saul Centers in the 3rd quarter valued at about $1,100,000. JPMorgan Chase & Co. boosted its holdings in shares of Saul Centers by 85.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock valued at $16,953,000 after buying an additional 139,285 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Saul Centers by 31.8% in the 3rd quarter. Rhumbline Advisers now owns 42,627 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 10,291 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Saul Centers by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock valued at $11,137,000 after buying an additional 1,985 shares in the last quarter. 46.76% of the stock is currently owned by institutional investors.

BFS stock traded down $0.43 during trading on Friday, hitting $51.37. 95,645 shares of the company’s stock traded hands, compared to its average volume of 50,457. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.05 and a beta of 1.02. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.17. Saul Centers has a 1 year low of $45.49 and a 1 year high of $60.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, April 15th. Saul Centers’s payout ratio is 68.17%.

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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