Safehold (SAFE) to Release Quarterly Earnings on Monday

Safehold (NYSE:SAFE) is scheduled to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

Safehold (NYSE:SAFE) last posted its earnings results on Monday, July 29th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts expect Safehold to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Safehold Stock Performance

NYSE SAFE opened at $23.62 on Wednesday. The firm’s fifty day moving average price is $25.21 and its two-hundred day moving average price is $21.83. The stock has a market cap of $1.69 billion, a PE ratio of -52.49 and a beta of 1.66. Safehold has a fifty-two week low of $15.00 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 1.76, a quick ratio of 38.83 and a current ratio of 38.83.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.00%. Safehold’s payout ratio is presently -155.56%.

Analysts Set New Price Targets

A number of analysts have weighed in on SAFE shares. Wedbush boosted their target price on shares of Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Thursday, September 19th. Truist Financial boosted their price objective on shares of Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.56.

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.