Safehold (NYSE:SAFE – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04, Briefing.com reports. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The business had revenue of $93.20 million during the quarter, compared to analysts’ expectations of $88.20 million. During the same quarter last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis.
Safehold Stock Performance
NYSE SAFE opened at $19.28 on Thursday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -42.84 and a beta of 1.48. Safehold has a 1-year low of $15.00 and a 1-year high of $29.11. The company has a debt-to-equity ratio of 1.78, a current ratio of 36.61 and a quick ratio of 36.61. The business’s 50-day simple moving average is $19.68 and its 200-day simple moving average is $20.09.
Safehold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Wednesday, March 27th. Safehold’s dividend payout ratio is currently -155.56%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Safehold
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.
Further Reading
- Five stocks we like better than Safehold
- Investing in Travel Stocks Benefits
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- What Is WallStreetBets and What Stocks Are They Targeting?
- Uber’s Earnings Drop Is Investors Opportunity
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Arm’s Earnings Stumble Could Create A Golden Entry Point
Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter.