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

Safehold Inc. (NYSE:SAFE - Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.177 per share on Tuesday, April 15th. This represents a $0.71 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, March 31st.

Safehold has decreased its dividend by an average of 38.4% per year over the last three years. Safehold has a dividend payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.7 %

Safehold stock traded down $0.13 during trading hours on Tuesday, hitting $19.00. The company had a trading volume of 311,087 shares, compared to its average volume of 357,954. The firm has a market cap of $1.36 billion, a P/E ratio of 12.84 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold has a 1 year low of $15.55 and a 1 year high of $28.80. The company has a 50-day moving average price of $17.30 and a two-hundred day moving average price of $20.72.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period last year, the company posted $0.36 earnings per share. On average, sell-side analysts anticipate that Safehold will post 1.58 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

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