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. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.68%. The company had revenue of $89.90 million for the quarter, compared to the consensus estimate of $87.28 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year.
Safehold Trading Up 0.3 %
SAFE traded up $0.06 during trading on Wednesday, reaching $23.23. 34,900 shares of the company traded hands, compared to its average volume of 337,999. The company has a current ratio of 42.51, a quick ratio of 42.51 and a debt-to-equity ratio of 1.78. Safehold has a 12-month low of $15.00 and a 12-month high of $25.02. The firm has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $19.97.
Safehold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.177 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.71 dividend on an annualized basis and a yield of 3.05%. Safehold’s dividend payout ratio is presently -157.78%.
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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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