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

Key Points

• Safehold Inc. declared a quarterly dividend of $0.18 per share, payable on October 15th to investors of record as of September 30th.
• The company's dividend yield is 4.3% and it has a payout ratio of 43.3%, indicating strong coverage by earnings.
• Safehold reported earnings of $0.39 per share for the last quarter, with revenues of $93.84 million, showing a 4.3% increase over the previous year.

Safehold Inc. (NYSE:SAFE - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.177 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Safehold has a payout ratio of 43.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Safehold to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.71 annual dividend with an expected future payout ratio of 44.1%.

Safehold Stock Down 1.5%

SAFE stock opened at $16.49 on Monday. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $1.18 billion, a PE ratio of 11.53, a PEG ratio of 1.48 and a beta of 1.85. Safehold has a 1-year low of $13.43 and a 1-year high of $28.80. The business's 50 day simple moving average is $15.31 and its 200 day simple moving average is $15.92.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, hitting analysts' consensus estimates of $0.39. The business had revenue of $93.84 million for the quarter, compared to analyst estimates of $94.05 million. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The firm's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Safehold will post 1.58 EPS for the current year.

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.

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