BiFS Saul Centers, Inc. (NYSE: BFS) In a research note published on the twenty-ninth of August, Capital One Financial lowered its projections for the profits per share Saul Centers will achieve during the third quarter of 2022. The real estate investment trust is expected to earn $0.78 per share for the quarter, as determined by C. Lucas of Capital One Financial.
It represents a decline from the prior earnings of $0.83 per share, which the real estate investment trust reported. The current forecast for Saul Centers’ expected profit over an entire year of business is $3.13 per share. Capital One Financial expected Saul Centers to have earnings of $0.73 per share in the fourth quarter of 2022 and $3.09 per share for the entire fiscal year.
Within the past few months, several other equity research analysts have also published papers focusing on the stock. Bloomberg’s earlier suggestion to purchase Saul Centers shares was revised to a recommendation to hold onto the stock in a report issued on Friday. In addition, B. Riley dropped their hint on Saul Centers shares from “buy” to “neutral” and lowered their price objective for the company from $55.00 to $53.00. Both of these changes were made in response to the recent market volatility. The research investigation was carried out on Tuesday, the ninth of August. They explained that the choice was made after considering the individual’s worth.
When trading began on Tuesday, the price of a share of BFS stock was $45.11 per share. The stock’s 50-day simple moving average and 200-day simple moving average are now at $48.37 and $48.76, respectively. The current ratio is 1.58, the quick ratio is 1.59, and the debt-to-equity ratio is 3.38.
In addition, the corporation has recently declared and begun paying a quarterly dividend, and the first payment of this dividend was made on the twenty-ninth of July. Therefore, the fourteenth of July marks the date after which shareholders of this investment will no longer be entitled to receive a dividend payment. It translates to a dividend distribution of $2.36 per year and a return on investment of 5.23%. The last dividend payment made by Saul Centers was $0.57 every quarter; this dividend is a more significant amount than that distribution.
Saul Centers’ dividend payout ratio (DPR) stands at 138.01 percent. Recently, there has been a shift in the level of interest that institutional investors and hedge funds have shown in BFS. This change came about relatively recently. Allworth Financial LP initiated a new position in Saul Centers valued at $27,000 during the first three months of 2018. During the second quarter, US Bancorp DE increased its ownership in Saul Centers by 217.2 percent. As a result of the business’s purchase of 582 more shares during the most recent quarter, US Bancorp DE now has 850 shares of the real estate investment trust. These shares are currently worth $40,000, giving the company a total asset value of $40,000. Mutual of America Capital Management LLC completed the purchase of an additional 17.5% of Saul Centers during the second quarter, increasing the total percentage of ownership it had in the firm to 100%.
In the most recent fiscal quarter, Mutual of America Capital Management LLC increased its real estate investment trust holdings by purchasing an additional 329 shares. It brings the total number of shares they own in the REIT to 2,207, with a value of $104,000. During the first quarter of 2018, KBC Group NV increased its stake in Saul Centers to 25.5%, up from its previous level. KBC Group NV is now the owner of 2,114 real estate investment trust shares after purchasing 429 additional shares during the most recent quarter. Based on the current market, the value of these shares is $111,000; KBC Group NV paid a total of $111,000 to acquire these shares. Last but certainly not least, Captrust Financial Advisors spent roughly $136,000 during the second quarter to develop a new interest in Saul Centers.
Institutional investors and hedge funds hold a combined ownership stake in the company, 46.83% of the total. Saul Centers, Inc.’s corporate headquarters are located in Bethesda, Maryland. Saul Centers is a self-managed and self-administered equity REIT. A total of approximately 9.8 million square feet of rentable space is managed and operated by the company across its real estate portfolio of sixty different properties. These properties include fifty community and neighborhood shopping centers, seven mixed-use buildings, and three land and development properties.