FY2024 Earnings Forecast for Saul Centers Issued By B. Riley

Saul Centers, Inc. (NYSE:BFS) – Investment analysts at B. Riley boosted their FY2024 EPS estimates for Saul Centers in a report issued on Tuesday, December 17th. B. Riley analyst J. Massocca now anticipates that the real estate investment trust will earn $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 Saul Centers from a “buy” rating to a “hold” rating in a report on Wednesday.

Saul Centers Price Performance

Shares of NYSE BFS opened at $38.23 on Thursday. The stock’s 50-day simple moving average is $40.16 and its two-hundred day simple moving average is $39.31. Saul Centers has a twelve month low of $34.87 and a twelve month high of $42.39. The firm has a market capitalization of $924.06 million, a P/E ratio of 20.78 and a beta of 1.11. 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 Dividend Announcement

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

Institutional Investors Weigh In On Saul Centers

Several hedge funds have recently added to or reduced their stakes in BFS. Los Angeles Capital Management LLC purchased a new position in shares of Saul Centers during the 2nd quarter valued at about $597,000. Sargent Investment Group LLC grew its position in Saul Centers by 315.0% during the third quarter. Sargent Investment Group LLC now owns 25,001 shares of the real estate investment trust’s stock valued at $1,049,000 after acquiring an additional 18,976 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Saul Centers during the second quarter worth approximately $228,000. Susquehanna Fundamental Investments LLC raised its stake in shares of Saul Centers by 55.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 9,079 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 3,255 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Saul Centers in the 3rd quarter valued at $702,000. Institutional investors own 49.99% of the company’s stock.

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.