Safehold Inc. (SAFE) to Distribute Quarterly Dividend of $0.18 on October 15th

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.177 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Wednesday, September 30th.

Safehold has decreased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Safehold has a dividend payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Safehold to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 40.9%.

Safehold Price Performance

NYSE:SAFE opened at $13.83 on Thursday. Safehold has a one year low of $12.76 and a one year high of $17.45. The stock has a market cap of $979.51 million, a PE ratio of 8.54, a P/E/G ratio of 4.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. The stock has a 50 day moving average price of $15.63 and a 200 day moving average price of $15.28.

Safehold (NYSE:SAFE) last issued its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The company had revenue of $114.65 million during the quarter, compared to analysts’ expectations of $110.78 million. Equities research analysts expect that Safehold will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAFE. Weiss Ratings raised shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Raymond James Financial began coverage on Safehold in a research note on Wednesday, August 19th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.17.

About Safehold

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning and managing ground leases. Through its ground lease structure, Safehold acquires the land beneath commercial real estate properties and leases it to property owners under long-term agreements, allowing those owners to retain ownership of and operate the buildings on the sites.

The company’s ground lease investments support a range of property types, including multifamily housing, office buildings, hotels, life sciences facilities, student housing, industrial properties and retail assets.