Safehold Inc. (NYSE:SAFE) Given Consensus Rating of “Hold” by Brokerages

Safehold Inc. (NYSE:SAFE) has earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.75.

Several analysts have recently commented on SAFE shares. Truist Financial increased their target price on shares of Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. The Goldman Sachs Group lowered their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st. Mizuho increased their target price on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and lowered their target price for the company from $18.00 to $16.00 in a report on Friday, May 1st.

Institutional Trading of Safehold

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Safehold during the fourth quarter worth about $31,000. Hantz Financial Services Inc. increased its holdings in Safehold by 39.9% during the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after buying an additional 743 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after buying an additional 1,789 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Safehold during the third quarter worth about $57,000. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Safehold by 25.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after buying an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $15.76 on Thursday. 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’s fifty day moving average price is $14.96 and its two-hundred day moving average price is $14.65. Safehold has a 1-year low of $12.76 and a 1-year high of $17.16. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 2.02 and a beta of 1.81.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Safehold had a return on equity of 4.78% and a net margin of 28.58%.The business had revenue of $110.85 million for the quarter, compared to analyst estimates of $96.51 million. On average, analysts expect that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, March 31st. Safehold’s dividend payout ratio (DPR) is 44.03%.

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.