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

Safehold Inc. (NYSE:SAFE) declared a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.177 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend 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 Trading Up 2.2%

NYSE:SAFE opened at $15.69 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 36.02 and a quick ratio of 36.02. The firm has a market capitalization of $1.13 billion, a P/E ratio of 10.97, a PEG ratio of 1.41 and a beta of 1.85. Safehold has a one year low of $13.43 and a one year high of $26.96. The company’s 50-day simple moving average is $15.48 and its 200 day simple moving average is $15.76.

Safehold (NYSE:SAFE) 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. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The company had revenue of $93.84 million during the quarter, compared to analyst estimates of $94.05 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Safehold’s revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Safehold will post 1.58 EPS for the current fiscal 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.