Brokers Set Expectations for Saul Centers, Inc.’s Q4 2024 Earnings (NYSE:BFS)

Saul Centers, Inc. (NYSE:BFS) – Equities researchers at B. Riley cut their Q4 2024 earnings estimates for Saul Centers in a research note issued to investors on Thursday, August 22nd. B. Riley analyst J. Massocca now expects that the real estate investment trust will earn $0.69 per share for the quarter, down from their previous estimate of $0.72. B. Riley currently has a “Buy” rating and a $45.50 price target on the stock. The consensus estimate for Saul Centers’ current full-year earnings is $3.09 per share.

Saul Centers (NYSE:BFS) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.29). Saul Centers had a net margin of 20.49% and a return on equity of 16.65%. The company had revenue of $66.94 million for the quarter, compared to analysts’ expectations of $65.54 million.

Separately, StockNews.com raised Saul Centers from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

Saul Centers Trading Up 2.0 %

Shares of BFS stock opened at $40.71 on Monday. The business has a 50-day moving average price of $38.03 and a two-hundred day moving average price of $37.30. Saul Centers has a 12-month low of $33.56 and a 12-month high of $41.23. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.28. The firm has a market cap of $976.31 million, a P/E ratio of 23.53 and a beta of 1.11.

Saul Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Monday, July 15th. Saul Centers’s dividend payout ratio is currently 136.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC boosted its holdings in Saul Centers by 55.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 3,255 shares during the period. Millennium Management LLC bought a new position in shares of Saul Centers in the second quarter worth approximately $3,272,000. AQR Capital Management LLC increased 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 worth $2,194,000 after buying an additional 31,919 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Saul Centers during the 2nd quarter valued at $102,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Saul Centers during the 2nd quarter valued at $228,000. 49.99% of the stock is owned by institutional investors.

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.