FY2023 Earnings Forecast for Saul Centers, Inc. Issued By B. Riley (NYSE:BFS)

Saul Centers, Inc. (NYSE:BFS – Get Rating) – Equities researchers at B. Riley boosted their FY2023 EPS estimates for shares of Saul Centers in a report issued on Thursday, May 18th. B. Riley analyst C. Kucera now expects that the real estate investment trust will earn $3.08 per share for the year, up from their prior estimate of $3.03. The consensus estimate for Saul Centers’ current full-year earnings is $3.05 per share. B. Riley also issued estimates for Saul Centers’ Q4 2023 earnings at $0.75 EPS.

Separately, StockNews.com started coverage on shares of Saul Centers in a report on Thursday. They set a “buy” rating on the stock.

Saul Centers Stock Down 2.1 %

BFS stock opened at $34.74 on Monday. The firm’s fifty day simple moving average is $36.33 and its 200-day simple moving average is $39.51. Saul Centers has a 12 month low of $32.13 and a 12 month high of $52.94. The company has a market capitalization of $831.33 million, a P/E ratio of 21.18 and a beta of 1.16. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 1.15.

Saul Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 17th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Friday, April 14th. Saul Centers’s payout ratio is 143.90%.

Insider Activity

In other Saul Centers news, COO David Todd Pearson acquired 3,500 shares of the stock in a transaction dated Tuesday, May 9th. The stock was acquired at an average price of $33.00 per share, with a total value of $115,500.00. Following the completion of the purchase, the chief operating officer now owns 3,530 shares in the company, valued at approximately $116,490. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO B Francis Saul II purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was bought at an average price of $36.35 per share, for a total transaction of $363,500.00. Following the completion of the purchase, the chief executive officer now directly owns 101,501 shares of the company’s stock, valued at $3,689,561.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Todd Pearson purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $33.00 per share, with a total value of $115,500.00. Following the purchase, the chief operating officer now directly owns 3,530 shares of the company’s stock, valued at $116,490. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 18,745 shares of company stock valued at $653,552. 50.50% of the stock is currently owned by company insiders.

Institutional Trading of Saul Centers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in Saul Centers during the first quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Saul Centers by 83.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 846 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 384 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Saul Centers by 65.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 898 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 354 shares in the last quarter. FMR LLC boosted its position in shares of Saul Centers by 43.9% during the 1st quarter. FMR LLC now owns 1,197 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 365 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in shares of Saul Centers by 1,211.3% during the 4th quarter. Sandy Spring Bank now owns 1,744 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 1,611 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Saul Centers Company Profile

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Saul Centers, Inc is a real estate investment trust, which engages in the ownership, management, and development of income producing properties. It operates through the following segments: Shopping Centers and Mixed-Use Properties. The Shopping Centers segment consists of community and neighbourhood shopping centers which are anchored by supermarkets, discount department stores, and drug stores.