Safe Bulkers (SB) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SB, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued 1 year target prices for Safe Bulkers' stock. Their SB share price forecasts range from $2.85 to $3.00. On average, they anticipate the company's stock price to reach $2.93 in the next year. This suggests that the stock has a possible downside of 12.4%.
View analysts price targets for SB or view top-rated stocks among Wall Street analysts.

Safe Bulkers' stock was trading at $2.91 at the beginning of 2023. Since then, SB stock has increased by 14.8% and is now trading at $3.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SB earnings forecast.

Safe Bulkers, Inc. (NYSE:SB) issued its earnings results on Tuesday, November, 2nd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The shipping company had revenue of $91.02 million for the quarter, compared to the consensus estimate of $85.79 million. Safe Bulkers had a trailing twelve-month return on equity of 20.07% and a net margin of 45.90%.

Safe Bulkers declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, May 26th will be given a dividend of $0.05 per share on Wednesday, June 7th. This represents a $0.20 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for SB.

ETFs with the largest weight of Safe Bulkers (NYSE:SB) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP) and iShares US Small Cap Value Factor ETF (SVAL).SonicShares Global Shipping ETF (BOAT).

Safe Bulkers (NYSE:SB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 5.99%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 17.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Safe Bulkers investors own include Diana Shipping (DSX), Capital Product Partners (CPLP), AbbVie (ABBV), Advanced Micro Devices (AMD), Micron Technology (MU), Triton International (TRTN), Costamare (CMRE), Freeport-McMoRan (FCX), GasLog (GLOG) and Star Bulk Carriers (SBLK).

Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB."

Safe Bulkers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.13%), Renaissance Technologies LLC (2.58%), State Street Corp (1.06%), Acadian Asset Management LLC (1.03%), American Century Companies Inc. (0.67%) and Geode Capital Management LLC (0.57%).
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Shares of SB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SB stock can currently be purchased for approximately $3.34.

Safe Bulkers (NYSE:SB) has a market capitalization of $406.28 million and generates $349.72 million in revenue each year. The shipping company earns $172.55 million in net income (profit) each year or $1.24 on an earnings per share basis.

Safe Bulkers' mailing address is APT. D11 LES ACANTHES 6 AVENUE DES CITRONNIERS, MONACO O9, MC98000. The official website for the company is www.safebulkers.com. The shipping company can be reached via phone at 377302111888400, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.