Saul Centers (NYSE:BFS) Announces Earnings Results, Beats Expectations 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 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%. The business had revenue of $67.92 million for the quarter, compared to analyst estimates of $68.94 million.

Saul Centers Stock Performance

BFS stock opened at $37.46 on Friday. 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 business’s fifty day simple moving average is $37.17 and its two-hundred day simple moving average is $39.20. Saul Centers has a twelve month low of $34.98 and a twelve month high of $42.39. The firm has a market cap of $905.32 million, a price-to-earnings ratio of 20.36 and a beta of 1.11.

Saul Centers Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.