DNB Markets upgraded shares of Safe Bulkers (NYSE: SB) to a hold rating in a research report sent to investors on Friday morning.
A number of other firms have also recently commented on SB. Analysts at Zacks downgraded shares of Safe Bulkers from a neutral rating to an underperform rating in a research note to investors on Tuesday, February 5th. They now have a $3.70 price target on the stock.
Four analysts have rated the stock with a buy rating, four have issued a hold rating, one has given an underweight rating, and one has given a sell rating to the company’s stock. The stock presently has an average rating of hold and an average price target of $4.90.
Shares of Safe Bulkers opened at 3.89 on Friday. Safe Bulkers has a 52 week low of $3.12 and a 52 week high of $7.55. The stock’s 50-day moving average is currently $3.87. The company has a market cap of $298.2 million and a P/E ratio of 3.08.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Monday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, February 28th.
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