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

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.177 per share on Tuesday, April 15th. This represents a $0.71 dividend on an annualized basis and a yield of 3.80%.

Safehold has decreased its dividend payment by an average of 38.4% per year over the last three years. Safehold has a dividend payout ratio of 43.3% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

SAFE stock opened at $18.62 on Friday. Safehold has a 12-month low of $15.55 and a 12-month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $20.87. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.58 and a beta of 1.75.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the company posted $0.36 EPS. As a group, equities analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAFE has been the subject of a number of recent research reports. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group cut their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Wedbush restated a “neutral” rating and set a $19.00 target price (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.56.

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.