Safehold (SAFE) to Release Earnings on Monday

Safehold (NYSE:SAFE) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Safehold to post earnings of $0.39 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. The company had revenue of $103.00 million during the quarter, compared to analyst estimates of $84.89 million. During the same period in the previous year, the firm earned ($6.00) earnings per share. Safehold’s quarterly revenue was up 40.3% compared to the same quarter last year. On average, analysts expect Safehold to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Safehold Trading Up 2.3 %

Shares of SAFE opened at $19.09 on Friday. The company’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $19.97. The company has a market cap of $1.36 billion, a P/E ratio of -23.57 and a beta of 1.48. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78. Safehold has a twelve month low of $15.00 and a twelve month high of $29.11.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold’s dividend payout ratio (DPR) is currently -86.42%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JMP Securities assumed coverage on Safehold in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. The Goldman Sachs Group boosted their price objective on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Royal Bank of Canada reduced their target price on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Finally, Mizuho lowered their price target on Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.78.

About Safehold

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.