Saul Centers (NYSE:BFS) Announces Earnings Results, Beats Expectations By $0.12 EPS

Saul Centers (NYSE:BFS) posted its earnings results on Thursday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12, FiscalAI reports. The business had revenue of $78.42 million during the quarter, compared to analysts’ expectations of $77.65 million. Saul Centers had a return on equity of 11.97% and a net margin of 11.54%.

Saul Centers Stock Down 1.1%

Shares of Saul Centers stock traded down $0.31 during trading on Friday, reaching $28.50. The stock had a trading volume of 193,949 shares, compared to its average volume of 129,329. The company has a market capitalization of $704.50 million, a price-to-earnings ratio of 30.98 and a beta of 0.90. The stock has a fifty day moving average price of $30.20 and a two-hundred day moving average price of $33.43. Saul Centers has a 52 week low of $28.27 and a 52 week high of $38.42. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.64.

Saul Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were paid a $0.59 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $2.36 annualized dividend and a dividend yield of 8.3%. Saul Centers’s dividend payout ratio (DPR) is currently 243.30%.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Saul Centers from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Saul Centers Company Profile

Saul Centers, Inc (NYSE: BFS) is a self-managed real estate investment trust that owns, operates, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of neighborhood and community shopping centers, along with mixed-use properties that combine retail, office and other commercial space.

Saul Centers’ shopping centers are generally anchored by grocery stores, supermarkets, drugstores and other service-oriented retailers. Its properties are designed to serve local communities and typically include a range of tenants such as restaurants, personal-service businesses and specialty retailers.

Founded in 1993 and headquartered in Bethesda, Maryland, Saul Centers focuses primarily on the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and surrounding parts of Maryland and Virginia.