Saul Centers (NYSE:BFS) Announces Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Saul Centers (NYSE:BFS) released its earnings results on Friday. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31, Zacks reports. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%.

Saul Centers Stock Performance

BFS traded up $0.61 on Friday, hitting $37.46. The company’s stock had a trading volume of 58,631 shares, compared to its average volume of 46,291. Saul Centers has a 12 month low of $34.98 and a 12 month high of $42.39. The firm has a market cap of $905.32 million, a P/E ratio of 20.36 and a beta of 1.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The company’s 50 day simple moving average is $37.19 and its 200-day simple moving average is $39.20.

Saul Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date was Wednesday, January 15th. Saul Centers’s payout ratio is currently 128.26%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Saul Centers from a “hold” rating to a “buy” rating in a research note on Thursday.

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.