Research Analysts Offer Predictions for Saul Centers, Inc.'s Q2 2024 Earnings (NYSE:BFS)

Saul Centers, Inc. (NYSE:BFS - Free Report) - B. Riley increased their Q2 2024 earnings per share (EPS) estimates for Saul Centers in a research note issued to investors on Tuesday, May 14th. B. Riley analyst J. Massocca now expects that the real estate investment trust will earn $0.77 per share for the quarter, up from their prior estimate of $0.75. B. Riley has a "Buy" rating and a $43.50 price objective on the stock. The consensus estimate for Saul Centers' current full-year earnings is $2.96 per share. B. Riley also issued estimates for Saul Centers' Q3 2024 earnings at $0.80 EPS, Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $3.09 EPS and FY2025 earnings at $2.85 EPS.

Separately, StockNews.com upgraded shares of Saul Centers from a "hold" rating to a "buy" rating in a research report on Monday.

Saul Centers Price Performance

NYSE:BFS traded up $0.60 during trading hours on Thursday, hitting $37.91. 61,675 shares of the stock traded hands, compared to its average volume of 54,926. The company has a market cap of $909.16 million, a price-to-earnings ratio of 21.91 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.28. The stock has a 50 day moving average price of $36.99 and a 200 day moving average price of $37.57. Saul Centers has a 1 year low of $33.40 and a 1 year high of $41.04.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a $0.59 dividend. The ex-dividend date was Friday, April 12th. This represents a $2.36 annualized dividend and a yield of 6.23%. Saul Centers's dividend payout ratio is currently 136.42%.

Insiders Place Their Bets

In related news, COO David Todd Pearson bought 2,300 shares of the business's stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $36.52 per share, with a total value of $83,996.00. Following the transaction, the chief operating officer now owns 6,204 shares in the company, valued at approximately $226,570.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Saul Centers news, COO David Todd Pearson acquired 2,300 shares of the business's stock in a transaction on Friday, March 15th. The shares were bought at an average price of $36.52 per share, with a total value of $83,996.00. Following the transaction, the chief operating officer now directly owns 6,204 shares of the company's stock, valued at approximately $226,570.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO B Francis Saul II bought 8,600 shares of Saul Centers stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $37.80 per share, for a total transaction of $325,080.00. Following the completion of the transaction, the chief executive officer now owns 146,706 shares of the company's stock, valued at approximately $5,545,486.80. The disclosure for this purchase can be found here. Insiders have purchased 11,700 shares of company stock valued at $425,730 over the last ninety days. 56.57% of the stock is owned by insiders.

Institutional Trading of Saul Centers

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Saul Centers in the third quarter worth $137,000. Panagora Asset Management Inc. lifted its position in Saul Centers by 61.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 35,419 shares of the real estate investment trust's stock worth $1,249,000 after acquiring an additional 13,435 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Saul Centers by 3.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 13,810 shares of the real estate investment trust's stock valued at $487,000 after purchasing an additional 500 shares during the last quarter. LSV Asset Management purchased a new stake in Saul Centers during the 3rd quarter valued at about $99,000. Finally, XML Financial LLC increased its holdings in shares of Saul Centers by 13.6% in the third quarter. XML Financial LLC now owns 31,439 shares of the real estate investment trust's stock valued at $1,109,000 after purchasing an additional 3,763 shares during the period. 49.99% of the stock is currently owned by institutional investors.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.