Brokerages forecast that Saul Centers Inc (NYSE:BFS) will announce sales of $57.94 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Saul Centers’ earnings, with estimates ranging from $57.47 million to $58.59 million. Saul Centers reported sales of $56.68 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Saul Centers will report full year sales of $227.77 million for the current financial year, with estimates ranging from $227.32 million to $228.32 million. For the next fiscal year, analysts forecast that the company will post sales of $234.73 million, with estimates ranging from $232.97 million to $235.75 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Saul Centers.

A number of equities analysts have weighed in on the company. ValuEngine upgraded Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Zacks Investment Research lowered Saul Centers from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th.

In other Saul Centers news, CFO Scott V. Schneider sold 805 shares of Saul Centers stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $54.04, for a total transaction of $43,502.20. Following the completion of the transaction, the chief financial officer now owns 9,398 shares in the company, valued at approximately $507,867.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Chapoton sold 10,000 shares of Saul Centers stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $50.04, for a total value of $500,400.00. The disclosure for this sale can be found here. Company insiders own 49.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Saul Centers by 7.3% in the 2nd quarter. BlackRock Inc. now owns 2,048,528 shares of the real estate investment trust’s stock valued at $109,759,000 after purchasing an additional 139,348 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Saul Centers by 85.2% in the 3rd 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. Vanguard Group Inc. increased its stake in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,947,761 shares of the real estate investment trust’s stock valued at $109,075,000 after purchasing an additional 53,115 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Saul Centers by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 1,947,761 shares of the real estate investment trust’s stock valued at $109,075,000 after purchasing an additional 53,115 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Saul Centers by 7.8% in the 3rd quarter. Renaissance Technologies LLC now owns 403,700 shares of the real estate investment trust’s stock valued at $22,607,000 after purchasing an additional 29,100 shares in the last quarter. Institutional investors and hedge funds own 46.18% of the company’s stock.

Shares of BFS stock opened at $51.11 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.07, a PEG ratio of 3.06 and a beta of 0.89. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 4.28. Saul Centers has a 1 year low of $45.49 and a 1 year high of $60.65.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, January 16th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.15%. This is a positive change from Saul Centers’s previous quarterly dividend of $0.52. Saul Centers’s dividend payout ratio (DPR) is presently 65.41%.

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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