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

Safehold Inc. (NYSE:SAFE) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.177 per share on Tuesday, April 15th. This represents a $0.71 annualized dividend and a dividend yield of 3.74%.

Safehold has decreased its dividend payment by an average of 38.4% annually over the last three years. Safehold has a dividend payout ratio of 43.3% 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 $0.71 annual dividend with an expected future payout ratio of 44.1%.

Safehold Stock Performance

NYSE:SAFE opened at $18.93 on Friday. The firm’s 50 day moving average is $17.27 and its two-hundred day moving average is $20.87. Safehold has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.35 billion, a P/E ratio of 12.79 and a beta of 1.75.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter last year, the business posted $0.36 earnings per share. Analysts expect that Safehold will post 1.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.56.

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.