Safety Income & Growth Inc (NASDAQ:SAFE) issued its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16), Briefing.com reports. Safetyome & Growth had a negative net margin of 31.66% and a negative return on equity of 4.24%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.86 million.
Safetyome & Growth (NASDAQ SAFE) traded up 0.54% during mid-day trading on Friday, hitting $18.50. The stock had a trading volume of 48,731 shares. The stock has a market cap of $336.52 million and a PE ratio of 110.78. The firm’s 50-day moving average price is $18.82 and its 200-day moving average price is $19.07. Safetyome & Growth has a 1-year low of $18.02 and a 1-year high of $20.00.
The firm also recently disclosed a special dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 29th.
In other Safetyome & Growth news, major shareholder Istar Inc. bought 114,292 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $18.49 per share, for a total transaction of $2,113,259.08. Following the purchase, the insider now directly owns 5,256,391 shares of the company’s stock, valued at $97,190,669.59. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought a total of 1,180,472 shares of company stock worth $22,708,314 in the last 90 days.
WARNING: “Safety Income & Growth Inc (SAFE) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/safety-income-growth-inc-safe-announces-quarterly-earnings-results-misses-estimates-by-0-16-eps.html.
Several brokerages recently commented on SAFE. J P Morgan Chase & Co began coverage on Safetyome & Growth in a research report on Monday, July 17th. They set a “neutral” rating and a $21.00 price target for the company. Raymond James Financial, Inc. began coverage on Safetyome & Growth in a research report on Tuesday, July 18th. They set a “market perform” rating for the company. UBS AG began coverage on Safetyome & Growth in a research report on Monday, July 17th. They set a “market perform” rating for the company. Zacks Investment Research cut Safetyome & Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target on shares of Safetyome & Growth in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.80.
Safetyome & Growth Company Profile
Receive News & Ratings for Safety Income & Growth Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Income & Growth Inc and related companies with MarketBeat.com's FREE daily email newsletter.