Safehold (NYSE:SAFE – Get Free Report) announced its earnings results on Monday. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03, Briefing.com reports. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.68%. The business had revenue of $89.90 million for the quarter, compared to the consensus estimate of $87.28 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis.
Safehold Stock Performance
Shares of SAFE traded up $0.04 during trading hours on Wednesday, reaching $23.21. 62,697 shares of the company traded hands, compared to its average volume of 338,189. The stock has a market capitalization of $1.66 billion, a P/E ratio of -51.36 and a beta of 1.65. The company has a quick ratio of 42.51, a current ratio of 42.51 and a debt-to-equity ratio of 1.78. The business has a fifty day moving average price of $19.81 and a 200-day moving average price of $19.97. Safehold has a 12-month low of $15.00 and a 12-month high of $25.02.
Safehold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.177 per share. The ex-dividend date was Friday, June 28th. This represents a $0.71 annualized dividend and a dividend yield of 3.05%. Safehold’s payout ratio is currently -157.78%.
Wall Street Analyst Weigh In
Read Our Latest Analysis 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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