Safe Bulkers - SB Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 brokers have issued 1-year price targets for Safe Bulkers' stock. Their SB share price forecasts range from $2.85 to $4.00. On average, they expect the company's stock price to reach $3.43 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for SB or view top-rated stocks among Wall Street analysts.

Safe Bulkers' stock was trading at $3.77 at the beginning of the year. Since then, SB stock has decreased by 24.9% and is now trading at $2.83.
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Safe Bulkers saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,250,000 shares, an increase of 20.4% from the October 15th total of 2,700,000 shares. Based on an average daily trading volume, of 942,800 shares, the days-to-cover ratio is currently 3.4 days. Currently, 4.5% of the shares of the stock are short sold.
View Safe Bulkers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
View our SB earnings forecast.

Safe Bulkers, Inc. (NYSE:SB) announced 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 earned $91.02 million during the quarter, compared to analysts' expectations of $85.79 million. Safe Bulkers had a net margin of 57.07% and a trailing twelve-month return on equity of 25.61%.

Safe Bulkers declared a quarterly dividend on Wednesday, November 9th. Investors of record on Monday, November 28th will be given a dividend of $0.05 per share on Thursday, December 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.07%. The ex-dividend date is Friday, November 25th.
Read our dividend analysis for SB.

Safe Bulkers (NYSE:SB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.80%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 20.62% 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 investors include Renaissance Technologies LLC (3.18%), BlackRock Inc. (3.06%), State Street Corp (1.08%), Vanguard Group Inc. (0.61%), Los Angeles Capital Management LLC (0.43%) and Connor Clark & Lunn Investment Management Ltd. (0.37%).
View institutional ownership trends.

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 $2.83.

Safe Bulkers (NYSE:SB) has a market capitalization of $344.24 million and generates $329.03 million in revenue each year. The shipping company earns $174.35 million in net income (profit) each year or $1.60 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 302108957070, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.