FY2024 Earnings Estimate for Saul Centers Issued By B. Riley

Saul Centers, Inc. (NYSE:BFS - Free Report) - B. Riley raised their FY2024 EPS estimates for shares of Saul Centers in a research report issued on Tuesday, December 17th. B. Riley analyst J. Massocca now forecasts that the real estate investment trust will post earnings of $3.14 per share for the year, up from their previous estimate of $3.12. B. Riley currently has a "Buy" rating and a $45.50 target price on the stock. The consensus estimate for Saul Centers' current full-year earnings is $3.12 per share. B. Riley also issued estimates for Saul Centers' Q4 2024 earnings at $0.68 EPS, Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.75 EPS and Q3 2025 earnings at $0.78 EPS.

Separately, StockNews.com lowered shares of Saul Centers from a "buy" rating to a "hold" rating in a research report on Wednesday.

Saul Centers Stock Performance

NYSE:BFS traded down $0.29 during mid-day trading on Thursday, reaching $38.23. 70,315 shares of the stock were exchanged, compared to its average volume of 51,608. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The company has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $39.31. The stock has a market capitalization of $924.06 million, a P/E ratio of 20.78 and a beta of 1.11.

Saul Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers's dividend payout ratio is presently 128.26%.

Institutional Investors Weigh In On Saul Centers

Several hedge funds have recently modified their holdings of BFS. Renaissance Technologies LLC lifted its position in Saul Centers by 10.2% in the second quarter. Renaissance Technologies LLC now owns 228,474 shares of the real estate investment trust's stock valued at $8,401,000 after purchasing an additional 21,100 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Saul Centers by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 209,840 shares of the real estate investment trust's stock worth $7,715,000 after buying an additional 5,330 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Saul Centers in the 2nd quarter valued at approximately $3,272,000. AQR Capital Management LLC boosted its stake in shares of Saul Centers by 115.0% in the second quarter. AQR Capital Management LLC now owns 59,675 shares of the real estate investment trust's stock valued at $2,194,000 after buying an additional 31,919 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Saul Centers by 17.1% during the third quarter. GSA Capital Partners LLP now owns 43,083 shares of the real estate investment trust's stock worth $1,808,000 after acquiring an additional 6,301 shares during the period. 49.99% of the stock is owned by institutional investors and hedge funds.

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.