Safehold Inc. (SAFE) To Go Ex-Dividend on March 31st

Safehold Inc. (NYSE:SAFE) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.177 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, March 31st.

Safehold has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Safehold has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Safehold to earn $1.61 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 43.5%.

Safehold Stock Down 1.5%

Shares of Safehold stock opened at $14.51 on Friday. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88. The company has a market cap of $1.04 billion, a P/E ratio of 9.07, a PEG ratio of 2.01 and a beta of 1.80. The firm’s 50 day moving average price is $15.04 and its 200-day moving average price is $14.83. Safehold has a 52-week low of $12.76 and a 52-week high of $19.32.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $97.87 million during the quarter, compared to analysts’ expectations of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. On average, sell-side analysts predict that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Company Profile

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.