Safehold (NYSE:SAFE – Get Free Report) released its earnings results on Monday. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37, Briefing.com reports. The business had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share.
Safehold Stock Performance
SAFE stock opened at $22.48 on Wednesday. The firm has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $21.94. The company has a debt-to-equity ratio of 1.76, a quick ratio of 38.83 and a current ratio of 38.83. Safehold has a one year low of $15.35 and a one year high of $28.80. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -49.96 and a beta of 1.66.
Safehold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.177 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.15%. Safehold’s dividend payout ratio is presently -155.56%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Safehold
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. 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.
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