Safehold (NYSE:SAFE) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Safehold Inc. (NYSE:SAFE)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.71 and traded as high as $14.76. Safehold shares last traded at $14.6820, with a volume of 288,140 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SAFE shares. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Mizuho increased their price target on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group lowered their price target on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Zacks Research downgraded shares of Safehold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.75.

Safehold Stock Up 2.3%

The company has a 50-day moving average of $14.72 and a 200-day moving average of $14.49. The company has a current ratio of 35.58, a quick ratio of 35.59 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.86.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $110.85 million for the quarter, compared to analyst estimates of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. On average, equities analysts predict that Safehold Inc. will post 1.69 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.7%. Safehold’s payout ratio is currently 44.65%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position 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 last quarter. Geode Capital Management LLC raised its position in Safehold by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock worth $18,557,000 after buying an additional 6,255 shares during the last quarter. Long Pond Capital LP acquired a new stake in Safehold during the 4th quarter valued at approximately $12,936,000. Invesco Ltd. lifted its stake in Safehold by 4.6% during the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock valued at $9,646,000 after acquiring an additional 27,395 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Safehold by 137.4% in the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after acquiring an additional 281,478 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Company Profile

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.