Safehold (SAFE) to Release Earnings on Wednesday

Safehold (NYSE:SAFE - Get Free Report) will likely be announcing its Q4 2024 earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce 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 (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates of $0.36. Safehold had a return on equity of 4.79% and a net margin of 32.08%. During the same period in the previous year, the company posted $0.36 EPS. On average, analysts expect Safehold to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Safehold Price Performance

Shares of SAFE traded down $0.03 on Wednesday, reaching $16.53. The stock had a trading volume of 436,359 shares, compared to its average volume of 539,703. The firm has a market capitalization of $1.18 billion, a PE ratio of 9.72 and a beta of 1.66. 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 firm has a 50-day moving average of $18.40 and a 200 day moving average of $21.81. Safehold has a twelve month low of $15.55 and a twelve month high of $28.80.

Safehold Announces Dividend

The company also recently declared 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 dividend yield of 4.28%. The ex-dividend date was Monday, December 30th. Safehold's dividend payout ratio is currently 41.76%.

Wall Street Analyst Weigh In

SAFE has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Mizuho lifted their target price on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and set a $23.00 price target (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price on Safehold from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.