FY2017 EPS Estimates for Saul Centers, Inc. Decreased by Analyst (BFS)
Saul Centers, Inc. (NYSE:BFS) – Stock analysts at DA Davidson cut their FY2017 earnings estimates for shares of Saul Centers in a research note issued to investors on Thursday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings per share of $3.21 for the year, down from their prior estimate of $3.24. DA Davidson also issued estimates for Saul Centers’ Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.84 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $3.29 EPS.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets raised Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Saul Centers from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.
Saul Centers (NYSE BFS) opened at $61.37 on Friday. The company has a market cap of $1,345.97, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 3.81 and a beta of 0.71. Saul Centers has a one year low of $55.86 and a one year high of $68.33. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 4.62.
Several institutional investors have recently made changes to their positions in BFS. Legal & General Group Plc lifted its holdings in shares of Saul Centers by 7.2% during the second quarter. Legal & General Group Plc now owns 53,182 shares of the real estate investment trust’s stock valued at $3,085,000 after purchasing an additional 3,582 shares during the last quarter. BlackRock Inc. lifted its stake in Saul Centers by 2.7% in the 2nd quarter. BlackRock Inc. now owns 1,748,798 shares of the real estate investment trust’s stock worth $101,395,000 after acquiring an additional 45,574 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Saul Centers by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 181,732 shares of the real estate investment trust’s stock worth $11,198,000 after acquiring an additional 4,844 shares in the last quarter. Bowling Portfolio Management LLC purchased a new stake in Saul Centers in the 2nd quarter worth about $587,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Saul Centers by 8.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 198,001 shares of the real estate investment trust’s stock worth $12,201,000 after acquiring an additional 14,637 shares in the last quarter. Institutional investors and hedge funds own 45.19% of the company’s stock.
In related news, VP Steven N. Corey sold 11,250 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $63.26, for a total transaction of $711,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip D. Caraci sold 1,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $60.89, for a total value of $60,890.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,328 shares of company stock worth $2,335,487. 48.80% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Monday, October 16th. Saul Centers’s dividend payout ratio (DPR) is presently 125.15%.
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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