FY2024 Earnings Estimate for Saul Centers Issued By B. Riley

Saul Centers, Inc. (NYSE:BFS) – Investment analysts at B. Riley raised their FY2024 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. 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 cut Saul Centers from a “buy” rating to a “hold” rating in a research report on Wednesday.

Saul Centers Trading Up 1.1 %

Shares of BFS opened at $38.66 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 4.61. The stock has a market cap of $934.45 million, a PE ratio of 21.01 and a beta of 1.11. Saul Centers has a 1 year low of $34.87 and a 1 year high of $42.39. The stock has a 50 day simple moving average of $40.12 and a 200-day simple moving average of $39.32.

Saul Centers Dividend Announcement

The company 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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, January 15th. Saul Centers’s dividend payout ratio is currently 128.26%.

Hedge Funds Weigh In On Saul Centers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFS. Renaissance Technologies LLC increased its holdings in shares of Saul Centers by 10.2% during the second quarter. Renaissance Technologies LLC now owns 228,474 shares of the real estate investment trust’s stock worth $8,401,000 after buying an additional 21,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Saul Centers by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 209,840 shares of the real estate investment trust’s stock valued at $7,715,000 after purchasing an additional 5,330 shares in the last quarter. Millennium Management LLC acquired a new stake in Saul Centers during the 2nd quarter valued at $3,272,000. AQR Capital Management LLC raised its position in Saul Centers by 115.0% in the 2nd quarter. AQR Capital Management LLC now owns 59,675 shares of the real estate investment trust’s stock valued at $2,194,000 after purchasing an additional 31,919 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Saul Centers by 17.1% in the third quarter. GSA Capital Partners LLP now owns 43,083 shares of the real estate investment trust’s stock worth $1,808,000 after purchasing an additional 6,301 shares in the last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

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.