Safehold Inc. (NYSE:SAFE – Get Free Report) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.177 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date 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 raised its dividend every year for the last 1 years. Safehold has a payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 1.0%
Shares of NYSE SAFE opened at $15.65 on Tuesday. The firm has a market cap of $1.12 billion, a P/E ratio of 9.84 and a beta of 1.81. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. Safehold has a 1 year low of $12.76 and a 1 year high of $17.16. The firm’s 50 day moving average price is $15.10 and its 200 day moving average price is $14.70.
Institutional Investors Weigh In On Safehold
A number of institutional investors have recently added to or reduced their stakes in SAFE. Long Pond Capital LP purchased a new position in shares of Safehold in the 4th quarter worth about $12,936,000. Michelson Medical Research Foundation Inc. acquired a new stake in Safehold during the 2nd quarter worth approximately $4,629,000. Deutsche Bank AG increased its position in Safehold by 339.9% during the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock worth $5,066,000 after purchasing an additional 285,920 shares in the last quarter. Algert Global LLC raised its holdings in Safehold by 137.4% in 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. Finally, JPMorgan Chase & Co. raised its holdings in Safehold by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock valued at $21,859,000 after buying an additional 279,664 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.
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.
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