Safehold Inc. (NYSE:SAFE) to Issue Quarterly Dividend of $0.18

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Friday, December 13th,NASDAQ Dividends reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.177 per share on Wednesday, January 15th. This represents a $0.71 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, December 30th.

Safehold has a dividend payout ratio of 44.1% indicating that 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 $0.71 annual dividend with an expected future payout ratio of 44.1%.

Safehold Trading Down 0.3 %

Shares of SAFE opened at $20.43 on Friday. The stock’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $22.29. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.02 and a beta of 1.66. Safehold has a 12-month low of $17.91 and a 12-month high of $28.80.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The company had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. During the same quarter last year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts predict that Safehold will post 1.56 earnings per share for the current year.

Analysts Set New Price Targets

SAFE has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $23.00 target price (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Mizuho lifted their price objective on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research note on Tuesday, October 29th. Raymond James upgraded Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Thursday, September 19th. Finally, Royal Bank of Canada increased their price target on shares of Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Safehold Company Profile

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.