Saul Centers (NYSE:BFS) Issues Earnings Results, Beats Expectations By $0.31 EPS

Saul Centers (NYSE:BFS - Get Free Report) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.31, Zacks reports. Saul Centers had a net margin of 20.84% and a return on equity of 17.16%. The business had revenue of $67.92 million for the quarter, compared to analysts' expectations of $68.94 million.

Saul Centers Trading Down 0.4 %

Shares of BFS traded down $0.15 during trading hours on Tuesday, reaching $36.60. 83,622 shares of the company traded hands, compared to its average volume of 47,635. The firm has a market cap of $884.63 million, a price-to-earnings ratio of 19.89 and a beta of 1.11. Saul Centers has a 12-month low of $34.98 and a 12-month high of $42.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61. The stock's fifty day moving average price is $37.09 and its 200 day moving average price is $39.17.

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Wednesday, January 15th. Saul Centers's dividend payout ratio is currently 128.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Saul Centers from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th.

Remove Ads

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.