Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was incorporated in 2007 and is based in Monaco.
IPO Year: 2008
Exchange: NYSE
Website: safebulkers.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2024 | $4.00 → $6.00 | Hold → Buy | Jefferies |
| 9/26/2022 | $5.00 → $4.00 | Buy → Hold | Jefferies |
| 7/21/2022 | $5.00 | Buy | Jefferies |
| 4/27/2022 | $4.50 | Hold | Jefferies |
| 9/13/2021 | $6.50 | Buy | H.C. Wainwright |
Jefferies upgraded Safe Bulkers from Hold to Buy and set a new price target of $6.00 from $4.00 previously
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $4.00 from $5.00 previously
Jefferies initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $5.00
Jefferies resumed coverage of Safe Bulkers with a rating of Hold and set a new price target of $4.50
H.C. Wainwright initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $6.50
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $3.50 from $3.00 previously
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $2.50 from $1.75 previously
Stifel upgraded Safe Bulkers from Hold to Buy and set a new price target of $3.00
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $1.75 from $1.50 previously
Capital Link Releases Shipping Sectors Webinar Highlights Booklet Your 2025 Guide to Shipping Industry Trends NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is pleased to announce the release of the Shipping Sector Webinar Highlights Booklet, titled "SHIPPING: STATE OF PLAY & WHAT LIES AHEAD", a resource that distills top insights from the 2024 Shipping Sector Webinar Series held in December 2024. Featuring leadership insights from senior executives of publicly listed shipping companies, the booklet provides a comprehensive analysis of the trends shaping the future of global shipping. Focusing on six main sectors, Dry Bulk, Containers, Crude Tankers, Product Tankers, LNG and
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025. Each dividend will be paid on January 30, 2025 to all s
LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2024 Shipping Sectors Webinar Series, featuring senior executives from leading publicly listed companies across the LNG, LPG, Dry Bulk, Crude Oil, and Product Tanker sectors. These live discussions will
MONACO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 4.7% of the shares of the Company's common stock outstanding and 8.7% of its public float. The program does not obligate the Company to purchase shares of the Company's common stock and the program may be modified or terminated at
MONACO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine month periods ended September 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023Nine Months 2024Nine Months 2023Net revenues75.978.581.782.364.7236.1202.1Net income25.127.625.327.615.078.049.7Adjusted Net income119.020.324.229.511.163.440.7EBITDA247.449.247.948.834.8144.5107.4Adjusted EB
The company has secured partnerships with major biogas suppliers, green methanol product offtakers, equipment and technology corporations, and a licensing agreement with MIT. Emvolon, an MIT spun-off technology company that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced several commercial and technical milestones. Following its recent field pilot announcement with Montauk Renewables to demonstrate the benefits of converting biogas into green methanol, Emvolon has secured multiple new partnerships with biogas suppliers, green methanol product offtakers, and multinational equipment and technology companies. Additionally, Emvolon announced that MIT
Earnings Release: Wednesday, November 13, 2024, After Market Closes Conference Call and Webcast: Thursday, November 14, 2024, at 9:00 A.M. Eastern Time MONACO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the third quarter ended September 30, 2024, after the market closes in New York on Wednesday, November 13, 2024. On Thursday, November 14, 2024, at 9:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minu
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024. Each dividend will be paid on October 30, 2024 to all sharehol
MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, July 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ2 2024Q1 2024Q4 2023Q3 2023Q2 2023Six Months 2024Six Months 2023Net revenues78.581.782.364.770.6160.2137.5Net income27.625.327.615.015.452.934.7Adjusted Net income120.324.229.511.115.344.529.5EBITDA249.247.948.834.834.497.172.6Adjusted EBITDA241.
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
EFFECT - SAFE BULKERS, INC. (0001434754) (Filer)
F-3 - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from October 30, 2024 to January 29, 2025. Each dividend will be paid on January 30, 2025 to all s
MONACO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine month periods ended September 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023Nine Months 2024Nine Months 2023Net revenues75.978.581.782.364.7236.1202.1Net income25.127.625.327.615.078.049.7Adjusted Net income119.020.324.229.511.163.440.7EBITDA247.449.247.948.834.8144.5107.4Adjusted EB
Earnings Release: Wednesday, November 13, 2024, After Market Closes Conference Call and Webcast: Thursday, November 14, 2024, at 9:00 A.M. Eastern Time MONACO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the third quarter ended September 30, 2024, after the market closes in New York on Wednesday, November 13, 2024. On Thursday, November 14, 2024, at 9:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minu
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024. Each dividend will be paid on October 30, 2024 to all sharehol
MONACO, July 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ2 2024Q1 2024Q4 2023Q3 2023Q2 2023Six Months 2024Six Months 2023Net revenues78.581.782.364.770.6160.2137.5Net income27.625.327.615.015.452.934.7Adjusted Net income120.324.229.511.115.344.529.5EBITDA249.247.948.834.834.497.172.6Adjusted EBITDA241.
Earnings Release: Monday, July 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time MONACO, July 22, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the second quarter ended June 30, 2024, after the market closes in New York on Monday, July 29, 2024. On Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled t
MONACO, July 02, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024. Each dividend will be paid on July 30, 2024, to all shareholde
MONACO, April 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three month periods ended March 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ1 2024Q4 2023Q3 2023Q2 2023Q1 2023Net revenues81.782.364.770.6 66.8 Net income 25.3 27.615.015.4 19.3 Adjusted Net income1 24.2 29.511.115.3 14.2 EBITDA2 47.9 48.834.834.4 38.2 Adjusted EBITDA 2 46.8 50.730.9
Earnings Release: Monday, April 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, April 30, 2024, at 10:00 A.M. Eastern Time MONACO, April 24, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2024, after the market closes in New York on Monday, April 29, 2024. On Tuesday, April 30, 2024, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes b
MONACO, April 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from January 30, 2024 to April 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from January 30, 2024 to April 29, 2024. Each dividend will be paid on April 30, 2024 to all shareho
MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class III directors at the Company's annual meeting of stockholders held in Monaco today. Konstantinos Adamopoulos, Kristin H. Holth and Frank Sica were elected Class III directors. The Class III directors were elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for
MONACO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of two Class II directors at the Company's annual meeting of stockholders held in Monaco today. Loukas Barmparis and Christos Megalou were elected Class II directors. The Class II directors were elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal year ending De
MONACO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Athens today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2024 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 30, 2020 to January 29, 2021; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from October 30, 2020 to January 29, 2021. Each dividend will be paid on February 1,