If you invested $1,000 in Sole Centers stock 20 years ago, how much do you have today?
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Saul Centers, Inc. (NYSE:BFS) is a self-managed equity REIT headquartered in Bethesda, Maryland, with a current portfolio of 61 real estate properties, including 50 community and neighborhood shopping centers and seven mixed-use shopping centers. is operated and managed. It has approximately 9.8 million square feet of leasable area and four land and development properties.
The company is scheduled to announce its third quarter 2024 earnings on October 31st. Wall Street analysts expect the company’s EPS to be $0.80, up from $0.76 in the year-ago quarter. Benzinga Pro data shows 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 Sole Center stock 20 years ago.
Twenty years ago, the company’s stock traded at around $32.20 per share. If you had invested $1,000, you would have bought approximately 31 shares of Sole Centers stock. The stock is currently trading at $40.05. This means that the value of your investment could increase to $1,244 due to stock price appreciation. However, the company has also paid dividends over the past 20 years.
Sole Centers’ current dividend yield is 5.84%. Over the past 20 years, it has paid dividends of approximately $35 per share. That means you earned about $1,087 in dividends alone.
Adding the $1,244 in stock price appreciation and $1,087 in dividends, the value of your investment is approximately $2,331. This corresponds to a total return of 133.1%. However, this number is significantly lower than the S&P 500’s total return of 577.17% over the same period.
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What will the next 20 years bring?
Sole Centers has a consensus rating of “Buy” and a price target of $43.25, based on ratings from three analysts. This price target suggests a potential upside of nearly 8% from the current share price.
On Aug. 1, the company reported second-quarter 2024 earnings, with FFO of $0.83 vs. consensus estimate of $0.77 and revenue of $66.94 million vs. consensus $65.54 million reported by Benzinga. .
In summary, growth-oriented investors may not find Sole Centers stock attractive given its modest expected upside. On the contrary, this stock could be a good option for income-oriented investors who can benefit from the company’s high dividend yield of 5.84%.
For three more companies that offer stable dividend yields as passive income, check out this article by Benzinga.
Wondering if your investments can help you reach a $5,000,000 nest egg? Talk to a financial advisor today. SmartAsset’s free tool matches you with up to three vetted financial advisors serving your area and allows you to meet with an advisor for free to decide which one is right for you. can.
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This article, “If I Invested $1,000 in Sole Center Stock 20 Years Ago, How Much Would I Get Now?” originally appeared on Benzinga.com.
