Saul Centers, Inc. (NYSE:BFS) to Post Q2 2023 Earnings of $0.78 Per Share, B. Riley Forecasts

Saul Centers, Inc. (NYSE:BFSGet Rating) – Equities research analysts at B. Riley raised their Q2 2023 EPS estimates for Saul Centers in a report issued on Monday, November 21st. B. Riley analyst C. Kucera now expects that the real estate investment trust will earn $0.78 per share for the quarter, up from their prior forecast of $0.77. The consensus estimate for Saul Centers’ current full-year earnings is $3.09 per share.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James reduced their price objective on Saul Centers from $56.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, September 1st.

Saul Centers Stock Performance

Shares of BFS opened at $42.55 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 3.48. The firm has a market cap of $1.02 billion, a PE ratio of 25.79 and a beta of 1.13. Saul Centers has a 12 month low of $36.21 and a 12 month high of $56.22. The stock has a fifty day moving average price of $39.79 and a 200-day moving average price of $44.60.

Saul Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Friday, October 14th. Saul Centers’s dividend payout ratio is currently 143.03%.

Hedge Funds Weigh In On Saul Centers

A number of institutional investors and hedge funds have recently made changes to their positions in BFS. Comerica Bank increased its holdings in shares of Saul Centers by 1.7% in the 1st quarter. Comerica Bank now owns 11,290 shares of the real estate investment trust’s stock valued at $626,000 after acquiring an additional 190 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Saul Centers by 7.2% during the first quarter. Daiwa Securities Group Inc. now owns 3,895 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 260 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Saul Centers by 2.8% during the 2nd quarter. Texas Permanent School Fund now owns 9,501 shares of the real estate investment trust’s stock worth $448,000 after buying an additional 260 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Saul Centers by 2.2% in the 1st quarter. Yousif Capital Management LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 264 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Saul Centers by 17.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,207 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 329 shares during the last quarter. 46.83% of the stock is owned by institutional investors and hedge funds.

Saul Centers Company Profile

(Get Rating)

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) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

Read More

Earnings History and Estimates 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.