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

Safehold Inc. (NYSE:SAFE) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.177 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Safehold has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased 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. Equities research analysts expect Safehold to earn $1.71 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 40.9%.

Safehold Price Performance

NYSE SAFE traded down $0.09 during trading hours on Tuesday, reaching $13.76. 562,386 shares of the company’s stock were exchanged, compared to its average volume of 352,607. The firm has a fifty day moving average of $15.72 and a 200-day moving average of $15.32. Safehold has a one year low of $12.76 and a one year high of $17.45. The stock has a market cap of $974.41 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 4.18 and a beta of 1.73. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. On average, equities research analysts predict that Safehold will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Safehold

In other news, Director Robin Josephs sold 9,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total transaction of $138,320.00. Following the completion of the sale, the director owned 89,068 shares in the company, valued at $1,296,830.08. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Safehold

Several hedge funds have recently added to or reduced their stakes in SAFE. Tidal Investments LLC acquired a new position in Safehold during the 2nd quarter valued at about $1,077,000. Squarepoint Ops LLC acquired a new stake in shares of Safehold during the 2nd quarter worth approximately $658,000. Corient Private Wealth LP grew its position in shares of Safehold by 37.6% during the 2nd quarter. Corient Private Wealth LP now owns 15,273 shares of the company’s stock worth $241,000 after buying an additional 4,171 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Safehold during the second quarter worth approximately $189,000. Finally, Hsbc Holdings PLC raised its stake in shares of Safehold by 7.2% during the second quarter. Hsbc Holdings PLC now owns 109,952 shares of the company’s stock worth $1,726,000 after buying an additional 7,370 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

About Safehold

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning and managing ground leases. Through its ground lease structure, Safehold acquires the land beneath commercial real estate properties and leases it to property owners under long-term agreements, allowing those owners to retain ownership of and operate the buildings on the sites.

The company’s ground lease investments support a range of property types, including multifamily housing, office buildings, hotels, life sciences facilities, student housing, industrial properties and retail assets.