Saul Centers (NYSE:BFS) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Saul Centers (NYSE:BFS) posted its earnings results on Friday. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31, Zacks reports. Saul Centers had a net margin of 20.84% and a return on equity of 17.16%. The business had revenue of $67.92 million for the quarter, compared to analysts’ expectations of $68.94 million.

Saul Centers Price Performance

Shares of BFS traded up $0.61 during mid-day trading on Friday, reaching $37.46. The stock had a trading volume of 58,631 shares, compared to its average volume of 46,291. The firm has a market cap of $905.32 million, a price-to-earnings ratio of 20.36 and a beta of 1.11. Saul Centers has a 12 month low of $34.98 and a 12 month high of $42.39. The business has a fifty day moving average of $37.17 and a 200 day moving average of $39.19. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13.

Saul Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date was Wednesday, January 15th. Saul Centers’s payout ratio is 128.26%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Saul Centers from a “hold” rating to a “buy” rating in a report on Thursday.

About Saul Centers

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.