Safehold (NYSE:SAFE – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03, Briefing.com reports. The business had revenue of $89.90 million during the quarter, compared to the consensus estimate of $87.28 million. Safehold had a positive return on equity of 4.68% and a negative net margin of 5.76%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share.
Safehold Stock Up 1.2 %
NYSE:SAFE traded up $0.27 during trading hours on Wednesday, reaching $23.44. The company had a trading volume of 3,198 shares, compared to its average volume of 337,781. The company has a current ratio of 42.51, a quick ratio of 42.51 and a debt-to-equity ratio of 1.78. The firm’s 50 day moving average price is $19.81 and its 200-day moving average price is $19.97. Safehold has a 52 week low of $15.00 and a 52 week high of $25.02.
Safehold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.177 per share. The ex-dividend date was Friday, June 28th. This represents a $0.71 dividend on an annualized basis and a yield of 3.02%. Safehold’s dividend payout ratio (DPR) is -157.78%.
Analyst Ratings Changes
Read Our Latest Analysis on SAFE
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.
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