Saul Centers, Inc. Announces Quarterly Dividend of $0.59 (NYSE:BFS)

Key Points

• Saul Centers declared a quarterly dividend of $0.59 per share, payable October 30 to shareholders of record October 15. The dividend implies an annualized yield of approximately 7.8%.
• The REIT’s 181.5% payout ratio indicates its dividend is not currently covered by earnings alone, increasing reliance on its balance sheet to fund payments.
• Saul Centers reported quarterly EPS of $0.24, exceeding the $0.14 consensus estimate, although revenue fell short of expectations. Analysts maintain a “Hold” consensus, and the stock recently traded near $30.30.

Saul Centers, Inc. (NYSE:BFS - Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, October 15th.

Saul Centers has raised its dividend payment by an average of 0.0%annually over the last three years. Saul Centers has a payout ratio of 181.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Saul Centers Stock Down 0.1%

BFS stock opened at $30.30 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average of $33.99 and a 200 day moving average of $34.47. Saul Centers has a twelve month low of $29.16 and a twelve month high of $38.42. The firm has a market cap of $748.93 million, a PE ratio of 31.24 and a beta of 0.90.

Saul Centers (NYSE:BFS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $78.98 million. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Saul Centers in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

About Saul Centers

Saul Centers, Inc is a self-managed real estate investment trust that owns, operates, acquires, develops, and redevelops income-producing commercial real estate. The company's portfolio is primarily composed of grocery-anchored community and neighborhood shopping centers, as well as mixed-use properties that combine retail, office, residential, and other uses.

The company focuses on leasing space to retailers, restaurants, service providers, and other commercial tenants. Its properties are concentrated in the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and nearby markets in Maryland and Virginia, with an emphasis on locations serving established residential communities.

Saul Centers was established in 1993 and is affiliated with B.F.

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