B. Riley Comments on Saul Centers Inc’s FY2018 Earnings (BFS)
Saul Centers Inc (NYSE:BFS) – Investment analysts at B. Riley lifted their FY2018 EPS estimates for Saul Centers in a research report issued to clients and investors on Tuesday, November 13th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $3.14 for the year, up from their prior forecast of $3.10. B. Riley has a “Neutral” rating and a $58.00 price target on the stock. B. Riley also issued estimates for Saul Centers’ Q4 2018 earnings at $0.83 EPS, Q2 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $3.41 EPS.
Several other research analysts have also recently issued reports on the company. ValuEngine raised Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $56.67.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Tuesday, October 16th. Saul Centers’s dividend payout ratio (DPR) is currently 65.41%.
In other Saul Centers news, insider Christopher Netter sold 7,500 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $59.30, for a total transaction of $444,750.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Steven N. Corey sold 3,750 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $59.26, for a total transaction of $222,225.00. Following the sale, the vice president now directly owns 3,750 shares in the company, valued at $222,225. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,484 shares of company stock worth $1,300,599. Company insiders own 49.60% of the company’s stock.
A number of large investors have recently made changes to their positions in BFS. Piedmont Investment Advisors LLC acquired a new stake in Saul Centers during the 2nd quarter valued at $151,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Saul Centers by 145.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,125 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,850 shares during the period. Vident Investment Advisory LLC acquired a new stake in Saul Centers during the 3rd quarter valued at $266,000. Macquarie Group Ltd. raised its stake in Saul Centers by 36.8% during the 3rd quarter. Macquarie Group Ltd. now owns 5,200 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 1,400 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in Saul Centers during the 3rd quarter valued at $322,000. 45.13% of the stock is currently owned by institutional investors.
Saul Centers Company Profile
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 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.
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