Safehold Inc SAFE.N reported quarterly adjusted earnings of 41 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 35 cents to 41 cents per share.
Revenue rose 4.9% to $89.90 million from a year ago; analysts expected $88.45 million.
Safehold Inc's reported EPS for the quarter was 42 cents.
The company reported quarterly income of $29.67 million.
Safehold Inc shares had risen by 18.1% this quarter and lost 2.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.9% in the last three months.
In the last 30 days, there have been revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and "sell" or "strong sell."
The average consensus recommendation for the diversified reits peer group is also "buy"
Wall Street's median 12-month price target for Safehold Inc is $27.00
This summary was machine generated from LSEG data July 29 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Jun. 30 2024 |
0.37 |
0.41 |
Beat |
Mar. 31 2024 |
0.39 |
0.43 |
Beat |
Dec. 31 2023 |
0.35 |
0.36 |
Beat |
Sep. 30 2023 |
0.34 |
0.33 |
Missed |