Safehold (NYSE:SAFE) Posts Earnings Results, Misses Expectations By $0.07 EPS

Safehold (NYSE:SAFE) posted its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07), Fidelity Earnings reports. Safehold had a net margin of 32.27% and a return on equity of 4.70%. The business had revenue of $29.59 million for the quarter, compared to analysts’ expectations of $31.56 million.

SAFE stock traded up $0.37 during trading on Friday, reaching $53.00. The company had a trading volume of 10,712 shares, compared to its average volume of 229,390. Safehold has a 52 week low of $18.56 and a 52 week high of $56.23. The business has a 50 day moving average of $43.82 and a 200 day moving average of $36.19. The company has a market cap of $2.06 billion, a P/E ratio of 56.99 and a beta of 0.42.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, January 2nd. Safehold’s payout ratio is currently 96.88%.

In other Safehold news, major shareholder Istar Inc. bought 15,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $41.50 per share, for a total transaction of $622,500.00. Following the acquisition, the insider now owns 31,211,502 shares in the company, valued at approximately $1,295,277,333. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jay Sugarman bought 2,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $105,300.00. Following the acquisition, the chief executive officer now owns 34,464 shares in the company, valued at approximately $1,344,096. The disclosure for this purchase can be found here. Insiders acquired 229,950 shares of company stock valued at $10,886,922 over the last 90 days. 1.47% of the stock is currently owned by company insiders.

A number of analysts recently commented on SAFE shares. ValuEngine raised Safehold from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research downgraded shares of Safehold from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st.

Safehold Company Profile

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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Earnings History for Safehold (NYSE:SAFE)

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