Safehold Inc. Announces Quarterly Dividend of $0.18 (NYSE:SAFE)

Safehold Inc. (NYSE:SAFE) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.177 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Safehold has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Safehold has a dividend payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Safehold to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 41.7%.

Safehold Trading Down 1.0%

Shares of NYSE SAFE traded down $0.16 during midday trading on Monday, hitting $15.65. The company’s stock had a trading volume of 317,945 shares, compared to its average volume of 368,662. The company has a current ratio of 35.58, a quick ratio of 35.59 and a debt-to-equity ratio of 1.91. The business’s 50 day moving average is $15.06 and its two-hundred day moving average is $14.68. Safehold has a 12-month low of $12.76 and a 12-month high of $17.16. The firm has a market cap of $1.12 billion, a P/E ratio of 9.84 and a beta of 1.81.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $110.85 million for the quarter, compared to analysts’ expectations of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. As a group, equities research analysts expect that Safehold will post 1.65 EPS for the current year.

Institutional Investors Weigh In On Safehold

Several hedge funds have recently made changes to their positions in the company. Addison Capital Co increased its position in Safehold by 30.2% during the 4th quarter. Addison Capital Co now owns 179,465 shares of the company’s stock valued at $2,457,000 after purchasing an additional 41,600 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Safehold by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after purchasing an additional 279,664 shares during the period. Denali Advisors LLC bought a new position in shares of Safehold during the fourth quarter valued at approximately $1,258,000. Gabelli Funds LLC bought a new position in shares of Safehold during the third quarter valued at approximately $3,343,000. Finally, Algert Global LLC increased its holdings in Safehold by 137.4% during the third quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after buying an additional 281,478 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.