Safehold Inc. (SAFE) To Go Ex-Dividend on June 30th

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.177 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Safehold has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Safehold has a dividend payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Safehold to earn $1.68 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 41.7%.

Safehold Stock Performance

Shares of SAFE stock opened at $15.70 on Wednesday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.87 and a beta of 1.81. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. The company has a 50-day simple moving average of $15.15 and a 200 day simple moving average of $14.71. Safehold has a 52 week low of $12.76 and a 52 week high of $17.16.

Safehold (NYSE:SAFE) last announced its earnings results on Thursday, April 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $110.85 million for the quarter, compared to the consensus estimate of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. On average, sell-side analysts predict that Safehold will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and reduced their target price for the stock from $18.00 to $16.00 in a report on Friday, May 1st. Zacks Research downgraded shares of Safehold from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Truist Financial boosted their price objective on shares of Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Mizuho boosted their price objective on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Safehold currently has a consensus rating of “Hold” and an average target price of $18.75.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.