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

Saul Centers (NYSE:BFS) posted its earnings results on Friday. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31, Zacks reports. The firm had revenue of $67.92 million during the quarter, compared to the consensus estimate of $68.94 million. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%.

Saul Centers Stock Up 1.6 %

Shares of BFS opened at $37.46 on Friday. The company has a market cap of $905.32 million, a PE ratio of 20.36 and a beta of 1.11. The business has a fifty day moving average of $37.17 and a 200 day moving average of $39.20. Saul Centers has a 52-week low of $34.98 and a 52-week high of $42.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61.

Saul Centers Announces Dividend

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

Analyst Upgrades and Downgrades

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