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

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.177 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

Safehold has a payout ratio of 43.3% indicating that 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 Stock Down 0.8%

Shares of SAFE opened at $16.34 on Tuesday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.48 and a beta of 1.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. The business’s fifty day moving average price is $15.33 and its two-hundred day moving average price is $15.90. Safehold has a 52 week low of $13.43 and a 52 week high of $28.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $93.84 million for the quarter, compared to analyst estimates of $94.05 million. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, analysts predict that Safehold will post 1.58 earnings per share for the current 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.