FY2024 Earnings Forecast for Saul Centers Issued By B. Riley

Saul Centers, Inc. (NYSE:BFS) – Equities research analysts at B. Riley increased their FY2024 EPS estimates for Saul Centers in a report released on Tuesday, December 17th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings of $3.14 per share for the year, up from their prior forecast of $3.12. B. Riley has a “Buy” rating and a $45.50 price objective 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 research note on Wednesday.

Saul Centers Stock Performance

Saul Centers stock opened at $38.52 on Thursday. The firm has a market capitalization of $931.07 million, a P/E ratio of 20.93 and a beta of 1.11. The company’s 50-day moving average is $40.20 and its 200 day moving average is $39.31. Saul Centers has a 1-year low of $34.87 and a 1-year high of $42.39. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Trading of Saul Centers

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. bought a new position in Saul Centers in the second quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Saul Centers by 235.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,223 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,262 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Saul Centers during the 2nd quarter worth $597,000. Quest Partners LLC raised its holdings in shares of Saul Centers by 1,186,500.0% in the second quarter. Quest Partners LLC now owns 11,866 shares of the real estate investment trust’s stock valued at $436,000 after acquiring an additional 11,865 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in Saul Centers by 9.9% in the second quarter. Texas Permanent School Fund Corp now owns 11,383 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 1,028 shares during the period. Institutional investors own 49.99% of the company’s stock.

Saul Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Wednesday, January 15th. Saul Centers’s dividend payout ratio (DPR) is presently 128.26%.

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.