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

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. Stockholders of record on Tuesday, September 30th will be paid 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 4.4%. The ex-dividend date is Tuesday, September 30th.

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

Safehold Stock Performance

SAFE traded down $0.45 during midday trading on Friday, reaching $16.25. The company had a trading volume of 148,996 shares, compared to its average volume of 427,353. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85. The business has a 50-day moving average of $15.39 and a two-hundred day moving average of $15.90. The company has a market cap of $1.17 billion, a P/E ratio of 11.39, a P/E/G 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 $27.53.

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

Institutional Trading of Safehold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in Safehold by 25.0% in the second quarter. Thrivent Financial for Lutherans now owns 84,818 shares of the company's stock valued at $1,320,000 after buying an additional 16,940 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Safehold by 7.9% during the second quarter. Public Sector Pension Investment Board now owns 156,520 shares of the company's stock worth $2,435,000 after purchasing an additional 11,503 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Safehold by 98.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company's stock worth $75,000 after purchasing an additional 2,393 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Safehold by 6.0% during the second quarter. State of Tennessee Department of Treasury now owns 18,567 shares of the company's stock worth $289,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. purchased a new position in shares of Safehold during the second quarter worth about $4,629,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.