Safehold (SAFE) to Release Quarterly Earnings on Monday

Safehold (NYSE:SAFE - Get Free Report) is scheduled to be posting 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. Parties interested in registering for the company's conference call can do so using this link.

Safehold (NYSE:SAFE - Get Free Report) last issued 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 firm had revenue of $103.00 million during the quarter, compared to analysts' expectations of $84.89 million. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. Safehold's revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($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 Price Performance

Safehold stock traded up $0.53 during trading hours on Monday, hitting $18.74. The stock had a trading volume of 244,091 shares, compared to its average volume of 348,997. Safehold has a 1-year low of $15.00 and a 1-year high of $29.11. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -22.98 and a beta of 1.46. The stock's fifty day moving average is $19.90 and its two-hundred day moving average is $19.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 36.61 and a quick ratio of 36.61.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a yield of 3.78%. Safehold's payout ratio is -87.65%.

Analyst Upgrades and Downgrades

SAFE has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of Safehold in a report on Thursday, January 4th. They issued a "buy" rating and a $33.00 price target on the stock. Mizuho dropped their price target on Safehold from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. JMP Securities assumed coverage on Safehold in a report on Tuesday, January 23rd. They issued an "outperform" rating and a $35.00 price target for the company. The Goldman Sachs Group increased their price objective on Safehold from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada cut their target price on shares of Safehold from $33.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.40.

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.