Safehold (NYSE:SAFE - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36, Zacks reports. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the company earned $0.36 earnings per share.
Safehold Trading Down 3.2 %
Shares of NYSE SAFE traded down $0.57 during mid-day trading on Friday, hitting $17.29. The company's stock had a trading volume of 544,298 shares, compared to its average volume of 500,302. Safehold has a one year low of $15.55 and a one year high of $28.80. The company's fifty day simple moving average is $18.25 and its 200-day simple moving average is $21.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 37.37 and a quick ratio of 37.83. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 11.69 and a beta of 1.66.
Safehold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.09%. Safehold's payout ratio is 47.97%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on SAFE shares. Wedbush reiterated a "neutral" rating and set a $19.00 target price (down previously from $20.00) on shares of Safehold in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research report on Thursday. Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. Finally, Mizuho increased their target price on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Safehold has a consensus rating of "Hold" and an average price target of $25.56.
Check Out Our Latest Analysis on SAFE
About Safehold
(
Get Free Report)
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.
Featured Articles
Before you consider Safehold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Safehold wasn't on the list.
While Safehold currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
