Safehold Inc. (NYSE:SAFE) Receives Consensus Rating of “Hold” from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.00.

Several equities analysts have weighed in on SAFE shares. The Goldman Sachs Group dropped their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. Wedbush reaffirmed a “neutral” rating and issued a $23.00 price objective (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Tuesday, October 29th. Finally, Mizuho boosted their target price on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after acquiring an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares in the last quarter. KBC Group NV boosted its stake in Safehold by 79.3% in the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after purchasing an additional 1,275 shares during the period. Vestcor Inc purchased a new position in Safehold during the 3rd quarter valued at about $110,000. Finally, FMR LLC increased its position in shares of Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after buying an additional 1,163 shares during the period. 70.38% of the stock is owned by institutional investors.

Safehold Price Performance

Shares of NYSE SAFE opened at $16.24 on Monday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.55 and a beta of 1.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. Safehold has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The firm’s 50-day simple moving average is $19.09 and its 200 day simple moving average is $22.12.

Safehold (NYSE:SAFE) last posted its earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. During the same quarter last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that Safehold will post 1.57 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is currently 41.76%.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.