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

Saul Centers, Inc. (NYSE:BFS) – B. Riley issued their Q1 2024 earnings per share estimates for 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 Stock Performance

Shares of BFS opened at $35.48 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.34. The business has a 50-day simple moving average of $37.31 and a two-hundred day simple moving average of $37.32. The stock has a market cap of $850.69 million, a price-to-earnings ratio of 20.49 and a beta of 1.08. Saul Centers has a 52 week low of $32.13 and a 52 week high of $41.04.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 is Friday, April 12th. Saul Centers’s dividend payout ratio is currently 136.42%.

Insider Buying and Selling

In related news, CEO B Francis Saul II purchased 8,600 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $37.80 per share, for a total transaction of $325,080.00. Following the acquisition, the chief executive officer now owns 146,706 shares of the company’s stock, valued at approximately $5,545,486.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO B Francis Saul II purchased 8,600 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 146,706 shares in the company, valued at approximately $5,545,486.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Page Lansdale sold 5,502 shares of Saul Centers stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $37.89, for a total value of $208,470.78. Following the sale, the director now directly owns 1,298 shares of the company’s stock, valued at approximately $49,181.22. The disclosure for this sale can be found here. 56.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Saul Centers

Several institutional investors and hedge funds have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Saul Centers in the third quarter valued at approximately $2,768,000. Lazard Asset Management LLC grew its position in shares of Saul Centers by 29.5% in the third quarter. Lazard Asset Management LLC now owns 54,931 shares of the real estate investment trust’s stock valued at $1,937,000 after purchasing an additional 12,514 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Saul Centers by 6.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 19,984 shares of the real estate investment trust’s stock valued at $805,000 after acquiring an additional 1,180 shares during the last quarter. LSV Asset Management acquired a new position in Saul Centers in the third quarter valued at approximately $99,000. Finally, Quadrature Capital Ltd acquired a new position in Saul Centers in the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 49.99% of the company’s stock.

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.