Saul Centers, Inc. (NYSE:BFS) to Issue $0.59 Quarterly Dividend

Saul Centers, Inc. (NYSE:BFS) declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Thursday, October 15th.

Saul Centers has increased its dividend payment by an average of 0.0%annually over the last three years. Saul Centers has a dividend payout ratio of 181.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Saul Centers Price Performance

NYSE:BFS opened at $30.30 on Friday. The business has a 50 day simple moving average of $33.99 and a 200-day simple moving average of $34.47. Saul Centers has a 1 year low of $29.16 and a 1 year high of $38.42. The firm has a market capitalization of $748.93 million, a price-to-earnings ratio of 31.24 and a beta of 0.90. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.62 and a quick ratio of 1.62.

Saul Centers (NYSE:BFS) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $78.98 million. Saul Centers had a net margin of 11.54% and a return on equity of 11.97%.

Institutional Investors Weigh In On Saul Centers

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Saul Centers by 11.6% during the second quarter. GAMMA Investing LLC now owns 4,036 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 420 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Saul Centers by 53.5% during the 2nd quarter. Jones Financial Companies Lllp now owns 1,463 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 510 shares during the period. Bessemer Group Inc. lifted its position in shares of Saul Centers by 82.9% during the 1st quarter. Bessemer Group Inc. now owns 1,412 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 640 shares in the last quarter. Inspire Investing LLC increased its holdings in Saul Centers by 5.4% in the 1st quarter. Inspire Investing LLC now owns 15,663 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 803 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Saul Centers by 15.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,610 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 1,170 shares during the period. 49.99% of the stock is owned by institutional investors.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed real estate investment trust that owns, operates, acquires, develops, and redevelops income-producing commercial real estate. The company’s portfolio is primarily composed of grocery-anchored community and neighborhood shopping centers, as well as mixed-use properties that combine retail, office, residential, and other uses.

The company focuses on leasing space to retailers, restaurants, service providers, and other commercial tenants. Its properties are concentrated in the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and nearby markets in Maryland and Virginia, with an emphasis on locations serving established residential communities.

Saul Centers was established in 1993 and is affiliated with B.F.