Q1 2019 EPS Estimates for Saul Centers Inc Reduced by Analyst (BFS)

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Saul Centers Inc (NYSE:BFS) – Research analysts at Capital One Financial reduced their Q1 2019 EPS estimates for Saul Centers in a research note issued to investors on Monday, March 18th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $0.80 per share for the quarter, down from their previous estimate of $0.82. Capital One Financial also issued estimates for Saul Centers’ Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.28 EPS, Q1 2020 earnings at $0.85 EPS, Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $0.81 EPS, Q4 2020 earnings at $0.80 EPS, FY2020 earnings at $3.25 EPS and FY2021 earnings at $3.46 EPS.

Separately, Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a report on Thursday, March 7th.

BFS opened at $50.34 on Wednesday. Saul Centers has a 1-year low of $45.49 and a 1-year high of $60.65. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 4.17. The firm has a market capitalization of $1.15 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Monday, April 15th. Saul Centers’s dividend payout ratio (DPR) is currently 68.17%.

Several hedge funds have recently made changes to their positions in BFS. Bank of New York Mellon Corp boosted its stake in shares of Saul Centers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 203,180 shares of the real estate investment trust’s stock valued at $10,886,000 after purchasing an additional 3,184 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Saul Centers during the third quarter valued at about $1,100,000. JPMorgan Chase & Co. boosted its stake in shares of Saul Centers by 85.2% during the third quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock valued at $16,953,000 after purchasing an additional 139,285 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Saul Centers by 31.8% during the third quarter. Rhumbline Advisers now owns 42,627 shares of the real estate investment trust’s stock valued at $2,387,000 after purchasing an additional 10,291 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Saul Centers by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock valued at $11,137,000 after purchasing an additional 1,985 shares in the last quarter. 45.98% of the stock is currently owned by hedge funds and other institutional investors.

About Saul Centers

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) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.

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Earnings History and Estimates for Saul Centers (NYSE:BFS)

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