Saul Centers (NYSE:BFS) Posts Quarterly Earnings Results

Saul Centers (NYSE:BFS) announced its quarterly earnings data 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 net margin of 20.84% and a return on equity of 17.16%.

Saul Centers Trading Up 1.6 %

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

Saul Centers Announces Dividend

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

Analyst Upgrades and Downgrades

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