Zacks: Analysts Expect Saul Centers Inc (BFS) Will Post Quarterly Sales of $55.50 Million

Wall Street analysts expect Saul Centers Inc (NYSE:BFS) to post $55.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Saul Centers’ earnings. The highest sales estimate is $57.17 million and the lowest is $54.27 million. Saul Centers reported sales of $54.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Saul Centers will report full year sales of $55.50 million for the current financial year, with estimates ranging from $216.08 million to $227.77 million. For the next financial year, analysts anticipate that the firm will post sales of $226.09 million per share, with estimates ranging from $222.01 million to $233.35 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Saul Centers.

BFS has been the subject of several research analyst reports. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.

In other Saul Centers news, insider James Page Lansdale sold 2,372 shares of Saul Centers stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total transaction of $148,250.00. Following the completion of the sale, the insider now owns 2,972 shares of the company’s stock, valued at $185,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 20,999 shares of company stock valued at $1,329,716. Corporate insiders own 48.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFS. BlackRock Inc. lifted its stake in shares of Saul Centers by 3.7% in the 4th quarter. BlackRock Inc. now owns 1,864,136 shares of the real estate investment trust’s stock valued at $115,110,000 after acquiring an additional 66,475 shares during the last quarter. AXA lifted its stake in shares of Saul Centers by 31.6% in the 3rd quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock valued at $16,464,000 after acquiring an additional 63,867 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Saul Centers by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 372,600 shares of the real estate investment trust’s stock valued at $23,008,000 after acquiring an additional 35,100 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Saul Centers by 110.4% in the 4th quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock valued at $1,815,000 after acquiring an additional 15,435 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Saul Centers by 226.2% in the 4th quarter. Arizona State Retirement System now owns 20,245 shares of the real estate investment trust’s stock valued at $1,250,000 after acquiring an additional 14,039 shares during the last quarter. 45.34% of the stock is owned by institutional investors.

Shares of Saul Centers (NYSE BFS) traded up $0.78 during mid-day trading on Monday, reaching $50.34. The company’s stock had a trading volume of 4,259 shares, compared to its average volume of 34,629. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. Saul Centers has a 52-week low of $48.17 and a 52-week high of $66.14. The company has a market capitalization of $1,118.21, a price-to-earnings ratio of 30.41, a P/E/G ratio of 3.10 and a beta of 0.60.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, January 16th. This represents a $2.08 annualized dividend and a yield of 4.13%. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. Saul Centers’s payout ratio is 127.61%.

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About Saul Centers

Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.

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