Saul Centers (BFS) Projected to Post Quarterly Earnings on Thursday

Key Points

• Saul Centers (NYSE:BFS) is set to release its earnings report on Thursday, August 7th, with analysts predicting earnings of $0.75 per share and revenue of $71.39 million for the quarter.
• The company's stock is currently down 1.6%, trading at $32.30 with a market capitalization of $781.54 million.
• Saul Centers recently announced a dividend of $0.59 per share, offering an annual yield of 7.31%, with the ex-dividend date on July 15th.

Saul Centers (NYSE:BFS - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $71.39 million for the quarter.

Saul Centers (NYSE:BFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). Saul Centers had a return on equity of 14.69% and a net margin of 17.09%. The business had revenue of $70.55 million during the quarter, compared to analyst estimates of $69.76 million. On average, analysts expect Saul Centers to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Saul Centers Trading Down 1.4%

NYSE:BFS traded down $0.45 during mid-day trading on Friday, reaching $31.77. The company's stock had a trading volume of 81,230 shares, compared to its average volume of 54,993. The stock has a market cap of $768.87 million, a P/E ratio of 21.61 and a beta of 1.08. Saul Centers has a twelve month low of $31.25 and a twelve month high of $42.39. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.11 and a quick ratio of 1.11. The company's fifty day simple moving average is $34.04 and its two-hundred day simple moving average is $34.78.

Saul Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, July 15th. Saul Centers's payout ratio is currently 160.54%.

Insider Buying and Selling at Saul Centers

In other news, CEO B Francis Saul II acquired 7,179 shares of Saul Centers stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $33.59 per share, with a total value of $241,142.61. Following the purchase, the chief executive officer directly owned 214,576 shares of the company's stock, valued at approximately $7,207,607.84. This trade represents a 3.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders bought 10,210 shares of company stock valued at $341,786. Insiders own 56.57% of the company's stock.

Institutional Investors Weigh In On Saul Centers

Hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Saul Centers during the 1st quarter valued at about $76,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Saul Centers during the 1st quarter valued at about $118,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Saul Centers during the 1st quarter valued at about $392,000. Jane Street Group LLC raised its holdings in shares of Saul Centers by 152.5% during the 1st quarter. Jane Street Group LLC now owns 22,477 shares of the real estate investment trust's stock valued at $811,000 after buying an additional 13,576 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Saul Centers by 2.4% during the 1st quarter. Royal Bank of Canada now owns 39,117 shares of the real estate investment trust's stock valued at $1,411,000 after buying an additional 929 shares during the period. 49.99% of the stock is currently owned by hedge funds and other 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.