Brokerages Anticipate Saul Centers, Inc. (BFS) Will Post Quarterly Sales of $56.84 Million
Equities research analysts forecast that Saul Centers, Inc. (NYSE:BFS) will announce sales of $56.84 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Saul Centers’ earnings. The lowest sales estimate is $56.54 million and the highest is $57.23 million. Saul Centers posted sales of $53.23 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Saul Centers will report full-year sales of $56.84 million for the current financial year, with estimates ranging from $228.06 million to $228.46 million. For the next financial year, analysts expect that the business will post sales of $234.12 million per share, with estimates ranging from $231.65 million to $236.31 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Saul Centers.
Several analysts have issued reports on BFS shares. BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, BMO Capital Markets upgraded Saul Centers from a “market perform” rating to an “outperform” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $72.00.
Shares of Saul Centers (NYSE BFS) opened at 61.20 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 38.71 and a beta of 0.72. Saul Centers has a 12-month low of $55.86 and a 12-month high of $68.75. The firm has a 50-day moving average price of $59.85 and a 200-day moving average price of $60.57.
In other news, insider Scott V. Schneider sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $60.12, for a total value of $300,600.00. Following the transaction, the insider now owns 4,500 shares of the company’s stock, valued at $270,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 48.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of BFS. Public Employees Retirement System of Ohio increased its position in Saul Centers by 29.4% in the second quarter. Public Employees Retirement System of Ohio now owns 16,998 shares of the real estate investment trust’s stock valued at $986,000 after buying an additional 3,864 shares during the last quarter. California State Teachers Retirement System increased its position in Saul Centers by 4.2% in the second quarter. California State Teachers Retirement System now owns 19,725 shares of the real estate investment trust’s stock valued at $1,144,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Saul Centers by 19.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,672 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 1,590 shares during the last quarter. QS Investors LLC increased its position in Saul Centers by 400.0% in the second quarter. QS Investors LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 2,800 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in Saul Centers during the second quarter valued at approximately $239,000. 45.16% of the stock is currently owned by institutional investors.
Saul Centers Company Profile
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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