Saul Centers (BFS) Expected to Announce Earnings on Friday

Saul Centers (NYSE:BFS) is expected to post its results before the market opens on Friday, February 27th. Analysts expect Saul Centers to post earnings of $0.27 per share and revenue of $73.1480 million for the quarter.

Saul Centers Stock Performance

Shares of Saul Centers stock opened at $34.17 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 5.29. Saul Centers has a 52 week low of $29.16 and a 52 week high of $37.88. The firm’s 50 day moving average is $32.62 and its two-hundred day moving average is $31.86. The firm has a market capitalization of $834.09 million, a P/E ratio of 29.46 and a beta of 1.03.

Saul Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were issued a $0.59 dividend. The ex-dividend date was Thursday, January 15th. This represents a $2.36 annualized dividend and a dividend yield of 6.9%. Saul Centers’s dividend payout ratio is presently 203.45%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Saul Centers in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Saul Centers has a consensus rating of “Hold”.

Hedge Funds Weigh In On Saul Centers

A number of institutional investors have recently modified their holdings of BFS. Adage Capital Partners GP L.L.C. boosted its stake in Saul Centers by 7.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 740,000 shares of the real estate investment trust’s stock worth $23,332,000 after purchasing an additional 50,767 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Saul Centers by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 200,857 shares of the real estate investment trust’s stock valued at $6,333,000 after buying an additional 3,184 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Saul Centers by 543.6% in the third quarter. Ameriprise Financial Inc. now owns 189,830 shares of the real estate investment trust’s stock valued at $6,050,000 after buying an additional 160,335 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Saul Centers by 4.2% during the fourth quarter. Invesco Ltd. now owns 166,070 shares of the real estate investment trust’s stock worth $5,236,000 after buying an additional 6,670 shares during the period. Finally, Man Group plc grew its holdings in shares of Saul Centers by 20.8% during the third quarter. Man Group plc now owns 142,556 shares of the real estate investment trust’s stock worth $4,543,000 after buying an additional 24,500 shares during the last quarter. 49.99% of the stock is owned by institutional investors and hedge funds.

Saul Centers Company Profile

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.