Safehold (SAFE) Set to Announce Earnings on Monday

Safehold (NYSE:SAFE - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Safehold to post earnings of $0.37 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Monday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $89.90 million for the quarter, compared to the consensus estimate of $87.28 million. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. Safehold's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 Down 1.1 %

Shares of NYSE:SAFE traded down $0.25 during midday trading on Wednesday, reaching $23.37. The company had a trading volume of 262,641 shares, compared to its average volume of 342,474. The company has a quick ratio of 38.83, a current ratio of 38.83 and a debt-to-equity ratio of 1.76. The business's 50 day moving average price is $25.21 and its 200 day moving average price is $21.83. The stock has a market cap of $1.67 billion, a PE ratio of -51.67 and a beta of 1.66. Safehold has a 1-year low of $15.00 and a 1-year high of $28.80.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, September 30th. Safehold's dividend payout ratio (DPR) is presently -155.56%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SAFE. Wedbush boosted their price target on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their price objective on Safehold from $25.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Raymond James upgraded Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a report on Thursday, September 19th. Finally, Truist Financial boosted their price objective on Safehold from $21.00 to $22.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.