Safehold Inc. (SAFE) to Issue Quarterly Dividend of $0.18 on January 15th

by · The Markets Daily

Safehold Inc. (NYSE:SAFE – Get Free Report) declared a quarterly dividend on Monday, December 15th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.177 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, December 30th.

Safehold has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Safehold has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Safehold to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 43.5%.

Safehold Price Performance

Safehold stock opened at $13.61 on Wednesday. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $15.01. The firm has a market capitalization of $976.65 million, a price-to-earnings ratio of 8.67, a PEG ratio of 2.10 and a beta of 1.85. The company has a quick ratio of 36.91, a current ratio of 36.91 and a debt-to-equity ratio of 1.86. Safehold has a 52-week low of $12.76 and a 52-week high of $21.18.

Safehold (NYSE:SAFE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $50.20 million for the quarter. Safehold had a net margin of 29.67% and a return on equity of 4.78%. On average, equities analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SAFE shares. Mizuho boosted their price objective on Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Cantor Fitzgerald set a $17.00 price objective on shares of Safehold and gave the company a “neutral” rating in a report on Wednesday, October 1st. Truist Financial reduced their target price on shares of Safehold from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Citigroup reaffirmed a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Safehold has a consensus rating of “Hold” and a consensus price target of $19.56.

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About Safehold

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Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.

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