Safehold (SAFE) Scheduled to Post Quarterly Earnings on Monday

Safehold (NYSE:SAFE) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Safehold to post earnings of $0.39 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $103.00 million during the quarter, compared to the consensus estimate of $84.89 million. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($6.00) 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 Trading Up 2.3 %

SAFE opened at $19.09 on Friday. Safehold has a one year low of $15.00 and a one year high of $29.11. The company has a debt-to-equity ratio of 1.78, a quick ratio of 36.61 and a current ratio of 36.61. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -23.57 and a beta of 1.48. The stock’s 50 day moving average price is $19.70 and its 200-day moving average price is $20.01.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold’s dividend payout ratio (DPR) is presently -87.65%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. The Goldman Sachs Group boosted their price objective on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. JMP Securities started coverage on shares of Safehold in a research report on Tuesday, January 23rd. They set an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada lowered their price target on Safehold from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, Mizuho reduced their price objective on Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Safehold presently has an average rating of “Moderate Buy” and a consensus target price of $27.78.

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.