Safehold (SAFE) Scheduled to Post Quarterly Earnings on Monday

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

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

Safehold Price Performance

Safehold stock opened at $19.09 on Friday. The company has a fifty day simple moving average of $19.72 and a 200-day simple moving average of $19.97. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -23.57 and a beta of 1.48. The company has a quick ratio of 36.61, a current ratio of 36.61 and a debt-to-equity ratio of 1.78. Safehold has a 52-week low of $15.00 and a 52-week high of $29.11.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a yield of 3.71%. Safehold’s payout ratio is presently -86.42%.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of research reports. JMP Securities started coverage on shares of Safehold in a research note on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Mizuho cut their target price on Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group boosted their price target on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Royal Bank of Canada cut their price objective on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Safehold presently has a consensus rating of “Moderate Buy” and an average target price of $27.78.

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.