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Saul Centers, Inc. (NYSE:BFS) is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 61 properties including 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and four land and development properties.
The company is set to report its Q3 2024 earnings on October 31. Wall Street analysts expect the company to post an EPS of $0.80, up from $0.76 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $65.98 million, up from $63.77 million in the year-ago period.
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If You Bought Saul Centers Stock 20 Years Ago
The company’s stock traded around $32.20 per share 20 years ago. If you had invested $1,000, you could have bought approximately 31 shares of Saul Centers stock. Currently, shares are trading at $40.05, which means your investment’s value could have increased to $1,244 because of stock price appreciation. However, the company also paid dividends over the last 20 years.
The current dividend yield for Saul Centers is 5.84%. Over the last 20 years, it paid around $35 in dividends per share, which means you would have made approximately $1,087 from dividends alone.
Summing up $1,244 in stock price appreciation and $1,087 from dividends, your investment would now be worth approximately $2,331. This represents a total return of 133.1%. However, this figure is significantly lower than the S&P 500 total return for the same period, which was 577.17%.
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What Could The Next 20 Years Bring?
Saul Centers has a consensus rating of Buy and a price target of $43.25 based on the ratings of three analysts. This price target implies a nearly 8% potential upside from the current stock price.
On Aug. 1, the company reported its Q2 2024 earnings, posting an FFO of $0.83, compared to the consensus estimate of $0.77 and revenues of $66.94 million, compared to the consensus of $65.54 million, as reported by Benzinga.
In summary, growth-focused investors may not find Saul Centers stock attractive, given the modest expected upside potential. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company’s high dividend yield of 5.84%.
Check out this article by Benzinga for three more companies offering solid dividend yields for passive income.
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This article If You Invested $1,000 In Saul Centers Stock 20 Years Ago, How Much Would You Have Now originally appeared on Benzinga.com
