FY2024 Earnings Estimate for Saul Centers Issued By B. Riley

Saul Centers, Inc. (NYSE:BFS) – Analysts at B. Riley increased their FY2024 earnings per share (EPS) estimates for Saul Centers in a research note issued on Tuesday, December 17th. B. Riley analyst J. Massocca now forecasts that the real estate investment trust will earn $3.14 per share for the year, up from their previous forecast 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 downgraded shares of Saul Centers from a “buy” rating to a “hold” rating in a report on Wednesday.

Saul Centers Stock Down 0.8 %

Shares of NYSE:BFS opened at $38.23 on Thursday. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The company has a market capitalization of $924.06 million, a PE ratio of 20.78 and a beta of 1.11. The business has a fifty day moving average price of $40.16 and a two-hundred day moving average price of $39.31. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13.

Saul Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.59 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.17%. Saul Centers’s dividend payout ratio (DPR) is presently 128.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in Saul Centers in the 2nd quarter valued at approximately $597,000. Sargent Investment Group LLC grew its position in shares of Saul Centers by 315.0% in 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 purchasing an additional 18,976 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Saul Centers during the 2nd quarter valued at $228,000. Susquehanna Fundamental Investments LLC raised its stake in shares of 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 purchasing an additional 3,255 shares during the period. Finally, Zacks Investment Management purchased a new stake in Saul Centers during the 3rd quarter worth about $702,000. Institutional investors own 49.99% of the company’s stock.

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.