Saul Centers, Inc. (BFS) To Go Ex-Dividend on October 15th

Saul Centers, Inc. (NYSE:BFS) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Thursday, October 31st. This represents a $2.36 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Tuesday, October 15th.

Saul Centers has raised its dividend payment by an average of 18.3% per year over the last three years. Saul Centers has a dividend payout ratio of 173.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Saul Centers to earn $2.92 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 80.8%.

Saul Centers Trading Down 1.4 %

Shares of Saul Centers stock opened at $40.11 on Friday. Saul Centers has a 12-month low of $33.56 and a 12-month high of $41.63. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.40. The business’s 50 day moving average is $39.55 and its 200-day moving average is $37.80. The stock has a market cap of $961.92 million, a P/E ratio of 23.18 and a beta of 1.10.

Saul Centers (NYSE:BFS) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.29). The firm had revenue of $66.94 million during the quarter, compared to analyst estimates of $65.54 million. Saul Centers had a net margin of 20.49% and a return on equity of 16.61%. Equities research analysts predict that Saul Centers will post 3.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target on Saul Centers from $43.50 to $45.50 and gave the stock a “buy” rating in a research report on Thursday, August 22nd.

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.