Safehold Inc. (NYSE:SAFE) to Issue Quarterly Dividend of $0.18

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.177 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 30th.

Safehold has decreased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Safehold has a payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Safehold to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 41.7%.

Safehold Price Performance

Safehold stock traded down $0.16 during midday trading on Monday, reaching $15.65. 317,945 shares of the stock traded hands, compared to its average volume of 368,662. The stock’s fifty day moving average is $15.06 and its 200-day moving average is $14.68. Safehold has a 12 month low of $12.76 and a 12 month high of $17.16. The stock has a market cap of $1.12 billion, a P/E ratio of 9.84 and a beta of 1.81. The company has a quick ratio of 35.59, a current ratio of 35.58 and a debt-to-equity ratio of 1.91.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $110.85 million during the quarter, compared to the consensus estimate of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. As a group, equities research analysts anticipate that Safehold will post 1.65 EPS for the current year.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.