Safehold Inc. (NYSE:SAFE) to Issue $0.18 Quarterly Dividend

Key Points

• Safehold announced a quarterly dividend of $0.177 per share (record/ex-dividend date: March 31) payable April 15, implying an annualized payout of about $0.70 and a ~4.9% yield.
• The dividend appears sustainable with a payout ratio around 42.7% and analysts forecasting about $1.61 EPS next year (implied future payout ratio ~43.5%).
• Shares dipped ~1.5% to $14.51; the company has a market cap of ~$1.04B, a P/E of 9.07, and roughly 70% institutional ownership with several funds increasing positions.

Safehold Inc. (NYSE:SAFE - Get Free Report) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.177 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

Safehold has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Safehold has a dividend payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Safehold to earn $1.61 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 43.5%.

Safehold Stock Down 1.5%

Shares of NYSE SAFE traded down $0.22 during mid-day trading on Friday, reaching $14.51. 249,636 shares of the company's stock were exchanged, compared to its average volume of 375,237. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.05 and a beta of 1.80. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. The business has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $14.84. Safehold has a twelve month low of $12.76 and a twelve month high of $19.32.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. 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 4.92% and a net margin of 29.69%.The business had revenue of $97.87 million during the quarter, compared to analyst estimates of $96.71 million. As a group, equities analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Trading of Safehold

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Safehold by 21.1% in the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company's stock valued at $833,000 after buying an additional 7,743 shares during the last quarter. Amundi grew its holdings in shares of Safehold by 2.6% in the 1st quarter. Amundi now owns 50,855 shares of the company's stock valued at $906,000 after acquiring an additional 1,306 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Safehold by 1,106.2% in the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company's stock valued at $3,660,000 after acquiring an additional 179,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Safehold by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company's stock worth $576,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Safehold by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company's stock valued at $8,120,000 after purchasing an additional 15,280 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.

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