Safehold (SAFE) Expected to Announce Quarterly Earnings on Wednesday

Safehold (NYSE:SAFE) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Safehold to post earnings of $0.36 per share and revenue of $92.41 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Safehold Price Performance

NYSE SAFE opened at $16.15 on Tuesday. 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 stock has a market capitalization of $1.15 billion, a PE ratio of 9.50 and a beta of 1.66. Safehold has a 12-month low of $15.55 and a 12-month high of $28.80. The company has a 50 day moving average price of $18.58 and a two-hundred day moving average price of $21.89.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio is presently 41.76%.

Analysts Set New Price Targets

A number of analysts have weighed in on SAFE shares. The Goldman Sachs Group reduced their price target on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Wedbush reaffirmed a “neutral” rating and set a $23.00 target price (down previously from $25.00) on shares of Safehold in a research report on Monday, November 4th. Royal Bank of Canada lifted 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. Mizuho upped their price objective on shares of Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.