Saul Centers Inc (BFS) Expected to Post Quarterly Sales of $55.50 Million
Brokerages predict that Saul Centers Inc (NYSE:BFS) will report $55.50 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Saul Centers’ earnings, with estimates ranging from $54.27 million to $57.17 million. Saul Centers posted sales of $54.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The business is expected to announce its next earnings results on Tuesday, March 6th.
On average, analysts expect that Saul Centers will report full year sales of $55.50 million for the current year, with estimates ranging from $216.08 million to $227.77 million. For the next fiscal year, analysts anticipate that the business will report sales of $226.09 million per share, with estimates ranging from $222.01 million to $233.35 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Saul Centers.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Raymond James Financial restated a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.52 dividend. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Tuesday, January 16th. Saul Centers’s dividend payout ratio is currently 127.61%.
In other Saul Centers news, insider James Page Lansdale sold 2,372 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total value of $148,250.00. Following the transaction, the insider now directly owns 2,972 shares in the company, valued at approximately $185,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 20,999 shares of company stock worth $1,329,716 over the last 90 days. Corporate insiders own 48.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BFS. BlackRock Inc. increased its stake in 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 worth $115,110,000 after acquiring an additional 66,475 shares during the last quarter. AXA increased its stake in Saul Centers by 31.6% in the 3rd quarter. AXA now owns 265,941 shares of the real estate investment trust’s stock worth $16,464,000 after acquiring an additional 63,867 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 worth $23,008,000 after acquiring an additional 35,100 shares during the last quarter. Deutsche Bank AG increased its stake in 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 worth $1,815,000 after acquiring an additional 15,435 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in 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 worth $1,250,000 after acquiring an additional 14,039 shares during the last quarter. Institutional investors and hedge funds own 45.34% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Saul Centers Inc (BFS) Expected to Post Quarterly Sales of $55.50 Million” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2018/02/17/saul-centers-inc-bfs-expected-to-post-quarterly-sales-of-55-50-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.