Safehold (SAFE) Set to Announce Earnings on Monday

Safehold (NYSE:SAFE) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Safehold to post earnings of $0.39 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Monday, February 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. The business had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $84.89 million. During the same quarter in the previous year, the business posted ($6.00) earnings per share. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, analysts expect Safehold to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Safehold Stock Up 2.3 %

Shares of NYSE SAFE opened at $19.09 on Friday. The firm has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $20.01. The firm has a market capitalization of $1.36 billion, a PE ratio of -23.57 and a beta of 1.48. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78. Safehold has a 12 month low of $15.00 and a 12 month high of $29.11.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Wednesday, March 27th. Safehold’s payout ratio is currently -87.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Mizuho decreased their price objective on Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Royal Bank of Canada dropped their target price on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. JPMorgan Chase & Co. reduced their target price on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Finally, JMP Securities initiated coverage on shares of Safehold in a research report on Tuesday, January 23rd. They set an “outperform” rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Safehold has a consensus rating of “Moderate Buy” and an average target price of $27.78.

Safehold Company Profile

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.