Jefferies reiterated coverage on Safe Bulkers with a new price target
$SB
Marine Transportation
Consumer Discretionary
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $2.50 from $1.75 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $4.20 | Hold → Buy | DNB Markets |
| 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 |
DNB Markets upgraded Safe Bulkers from Hold to Buy and set a new price target of $4.20
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
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
MONACO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Merchant, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $11.5 million and delivery date in September 2025. Dr. Loukas Barmparis, President of the Company commented: "With this agreement, we wound up the sale of our two oldest Kamsarmax class vessels, namely Pedhoulas Merchant built in 2006 and Pedhoulas Leader built in 2007, executing our strategy to renew our fleet in view of the four newbuilds expected to be delivered
MONACO, July 29, 2025 (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, 2025. The Board of Directors (the "Board") 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 2025Q1 2025Q4 2024Q3 2024Q2 2024Six Months 2025Six Months 2024Net revenues65.764.371.575.978.5130.1160.2Net income1.77.219.425.127.68.952.9Adjusted Net income13.07.818.119.020.310.744.5EBITDA224.228.841.947.449.253.197.1Adjuste
MONACO, July 28, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $12.5 million and forward delivery date between August and October 2025. Dr. Loukas Barmparis, President of the Company, commented: "As part of our fleet renewal strategy, we have sold one of our oldest vessels, having achieved the targeted sale price. Our Company has on order six modern energy-efficient vessels, four of which will be delivered to us within 2026.''
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, July 29, 2025 (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, 2025. The Board of Directors (the "Board") 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 2025Q1 2025Q4 2024Q3 2024Q2 2024Six Months 2025Six Months 2024Net revenues65.764.371.575.978.5130.1160.2Net income1.77.219.425.127.68.952.9Adjusted Net income13.07.818.119.020.310.744.5EBITDA224.228.841.947.449.253.197.1Adjuste
Earnings Release: Tuesday, July 29, 2025, After Market Closes Conference Call and Webcast: Wednesday, July 30, 2025, at 10:00 A.M. Eastern Time MONACO, July 22, 2025 (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, 2025, after the market closes in New York on Tuesday, July 29, 2025. On Wednesday, July 30, 2025, 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 sched
MONACO, July 02, 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 April 30, 2025 to July 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 April 30, 2025 to July 29, 2025. Each dividend will be paid on July 30, 2025, to all shareholders o