Saul Centers, Inc. Forecasted to Earn Q1 2024 Earnings of $0.77 Per Share (NYSE:BFS)

Saul Centers, Inc. (NYSE:BFS) – Research analysts at B. Riley issued their Q1 2024 EPS estimates for shares of Saul Centers in a report released on Wednesday, April 10th. B. Riley analyst J. Massocca expects that the real estate investment trust will post earnings of $0.77 per share for the quarter. 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’ Q2 2024 earnings at $0.75 EPS, Q3 2024 earnings at $0.77 EPS, Q4 2024 earnings at $0.68 EPS and FY2024 earnings at $2.96 EPS.

Saul Centers Price Performance

BFS opened at $35.48 on Monday. The company has a debt-to-equity ratio of 4.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $850.69 million, a price-to-earnings ratio of 20.49 and a beta of 1.08. The firm’s fifty day moving average price is $37.31 and its two-hundred day moving average price is $37.32. Saul Centers has a 1 year low of $32.13 and a 1 year high of $41.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Saul Centers by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 208,306 shares of the real estate investment trust’s stock worth $10,977,000 after buying an additional 1,115 shares in the last quarter. Citigroup Inc. boosted its stake in Saul Centers by 5.9% in the first quarter. Citigroup Inc. now owns 21,772 shares of the real estate investment trust’s stock worth $1,147,000 after buying an additional 1,220 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Saul Centers by 55.5% in the first quarter. MetLife Investment Management LLC now owns 6,040 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 2,156 shares in the last quarter. Rhumbline Advisers boosted its stake in Saul Centers by 5.6% in the first quarter. Rhumbline Advisers now owns 34,867 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 1,859 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Saul Centers by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,237 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.

Insider Transactions at Saul Centers

In other news, COO David Todd Pearson acquired 2,300 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $36.52 per share, for a total transaction of $83,996.00. Following the purchase, the chief operating officer now owns 6,204 shares of the company’s stock, valued at approximately $226,570.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Saul Centers news, CEO B Francis Saul II acquired 8,600 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $37.80 per share, with a total value of $325,080.00. Following the completion of the acquisition, the chief executive officer now owns 146,706 shares of the company’s stock, valued at $5,545,486.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Todd Pearson acquired 2,300 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $36.52 per share, with a total value of $83,996.00. Following the acquisition, the chief operating officer now directly owns 6,204 shares of the company’s stock, valued at approximately $226,570.08. The disclosure for this purchase can be found here. Company insiders own 56.57% of the company’s stock.

Saul Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Friday, April 12th. Saul Centers’s payout ratio is 136.42%.

About Saul Centers

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.