Saul Centers, Inc. (NYSE: BFS) – Analysts at Capital One Financial increased their earnings per share estimates for the third quarter of 2021 for Saul Centers in a report released on Sunday, October 31. Capital One Financial analyst C. Lucas now predicts the REIT will post earnings of $ 0.80 per share for the quarter, up from its previous estimate of $ 0.77. Capital One Financial also released estimates of Saul Centers’ fourth quarter 2021 earnings at $ 0.77 per share, year 2021 earnings at $ 3.07 per share, first quarter 2022 earnings at 0.78. $ per share, third quarter 2022 earnings at $ 0.80 per share, full year 2022 earnings at $ 3.15 per share, and second quarter 2023 earnings at $ 0.84 per share.
Separately, Zacks Investment Research upgraded Saul Centers from a “hold” rating to a “buy” rating and set a price target of $ 51.00 on the stock in a research report released on Tuesday 5 October.
BFS stock opened at $ 48.31 on Tuesday. The company has a debt to equity ratio of 3.29, a current ratio of 2.51, and a quick ratio of 2.51. The company has a market cap of $ 1.14 billion, a P / E ratio of 37.16 and a beta of 1.14. The company’s 50-day moving average is $ 45.44 and its two-hundred-day moving average is $ 44.86. Saul Centers has a one-year minimum at $ 24.09 and a one-year maximum at $ 48.49.
Hedge funds and other institutional investors have recently changed their holdings in the company. Marshall Wace North America LP acquired a new position in Saul Centers during the 1st quarter valued at approximately $ 47,000. O Shaughnessy Asset Management LLC purchased a new position in Saul Centers during the 2nd quarter valued at approximately $ 76,000. BNP Paribas Arbitrage SA increased its stake in Saul Centers by 50.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,390 shares of the property investment fund valued at $ 200,000 after purchasing 1,464 additional shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in Saul Centers by 93,440.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 4,677 real estate investment trust shares worth $ 213,000 after purchasing an additional 4,672 shares in the last quarter. Finally, Zebra Capital Management LLC acquired a new position in Saul Centers during the 1st quarter valued at approximately $ 218,000. 45.63% of the shares are currently held by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Friday, October 29. Shareholders of record on Friday October 15 received a dividend of $ 0.55 per share. This represents an annualized dividend of $ 2.20 and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, October 14. Saul Centers’ dividend payout ratio (DPR) is currently 76.39%.
Saul Centers Company Profile
Saul Centers, Inc is a real estate investment trust that deals with the ownership, management and development of income generating properties. It operates through the Shopping Centers and Mixed-Use Properties business segments. The shopping center segment includes community and neighborhood shopping centers that are anchored in supermarkets, discount department stores and drugstores.
Feature Article: Net Margin – Understanding the Different Types of Profit
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Saul centers now?
Before you consider Saul centers, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Saul Centers was not on the list.
While Saul Centers currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here