Shares of Saul Centers Inc. (NYSE:BFS) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus target price of $74.00 for the company and are anticipating that the company will post $0.74 EPS for the current quarter, according to Zacks. Zacks has also assigned Saul Centers an industry rank of 99 out of 265 based on the ratings given to related companies.
BFS has been the subject of a number of recent research reports. TheStreet downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th.
Shares of Saul Centers (NYSE:BFS) opened at 66.32 on Tuesday. The stock has a market cap of $1.42 billion, a P/E ratio of 42.79 and a beta of 0.66. Saul Centers has a 52-week low of $46.46 and a 52-week high of $68.75. The firm’s 50-day moving average price is $65.94 and its 200-day moving average price is $59.89.
Saul Centers (NYSE:BFS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. Saul Centers had a net margin of 21.14% and a return on equity of 25.74%. The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $52.20 million. Equities analysts predict that Saul Centers will post $3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, October 12th. Saul Centers’s payout ratio is 121.29%.
In related news, VP Steven N. Corey sold 4,818 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $66.43, for a total value of $320,059.74. Following the completion of the transaction, the vice president now owns 2,136 shares of the company’s stock, valued at approximately $141,894.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steven N. Corey sold 2,438 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $66.75, for a total transaction of $162,736.50. Following the completion of the transaction, the vice president now directly owns 2,438 shares of the company’s stock, valued at approximately $162,736.50. The disclosure for this sale can be found here. Insiders own 50.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Saul Centers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 1,777 shares of the company’s stock valued at $110,000 after buying an additional 218 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Saul Centers by 4.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,209 shares of the company’s stock valued at $136,000 after buying an additional 101 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of Saul Centers during the second quarter valued at $137,000. Advisors Asset Management Inc. increased its position in shares of Saul Centers by 67.2% in the second quarter. Advisors Asset Management Inc. now owns 2,534 shares of the company’s stock valued at $156,000 after buying an additional 1,018 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Saul Centers during the second quarter valued at $213,000. 45.14% of the stock is owned by institutional investors.
Saul Centers Company Profile
Saul Centers, Inc (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saul Centers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.