Saul Centers, Inc. (NYSE:BFS) Declares $0.59 Quarterly Dividend

Saul Centers, Inc. (NYSE:BFS) declared a quarterly dividend on Thursday, June 20th, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.36 annualized dividend and a yield of 6.12%. The ex-dividend date is Monday, July 15th.

Saul Centers has increased its dividend by an average of 18.3% annually over the last three years. Saul Centers has a dividend payout ratio of 190.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Saul Centers to earn $2.85 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 82.8%.

Saul Centers Trading Up 0.7 %

Shares of NYSE:BFS opened at $38.58 on Friday. The stock has a market capitalization of $925.15 million, a price-to-earnings ratio of 22.30 and a beta of 1.11. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $36.69 and its two-hundred day simple moving average is $37.34. Saul Centers has a 52-week low of $33.56 and a 52-week high of $41.04.

Wall Street Analyst Weigh In

BFS has been the topic of several research reports. B. Riley initiated coverage on Saul Centers in a research report on Thursday, April 11th. They issued a “buy” rating and a $43.50 target price on the stock. StockNews.com raised Saul Centers from a “hold” rating to a “buy” rating in a research report on Monday, May 13th.

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.