Safehold Inc. (NYSE:SAFE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Safehold Inc. (NYSE:SAFE) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.56.

A number of research analysts have recently weighed in on the company. Raymond James upgraded Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Thursday. Wedbush lifted their price objective on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their target price on Safehold from $25.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial raised their target price on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 5th.

Safehold Trading Down 2.0 %

SAFE stock opened at $26.95 on Tuesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -59.89 and a beta of 1.65. The company has a debt-to-equity ratio of 1.76, a current ratio of 38.83 and a quick ratio of 38.83. Safehold has a 1-year low of $15.00 and a 1-year high of $28.80. The business has a 50 day simple moving average of $24.06 and a two-hundred day simple moving average of $21.05.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, July 29th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $89.90 million during the quarter, compared to analyst estimates of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. Safehold’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Research analysts anticipate that Safehold will post 1.59 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.177 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 2.63%. Safehold’s dividend payout ratio is presently -155.56%.

Institutional Investors Weigh In On Safehold

Several institutional investors have recently made changes to their positions in the company. Truist Financial Corp raised its position in Safehold by 10.7% in the 2nd quarter. Truist Financial Corp now owns 21,179 shares of the company’s stock worth $409,000 after purchasing an additional 2,040 shares during the period. Algert Global LLC raised its holdings in shares of Safehold by 7.3% in the second quarter. Algert Global LLC now owns 68,076 shares of the company’s stock worth $1,313,000 after buying an additional 4,656 shares during the period. Long Pond Capital LP lifted its stake in shares of Safehold by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock worth $51,361,000 after acquiring an additional 345,661 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Safehold by 6.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 98,999 shares of the company’s stock valued at $1,910,000 after acquiring an additional 6,085 shares during the period. Finally, Sei Investments Co. boosted its holdings in Safehold by 3.2% during the 2nd quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock valued at $12,926,000 after acquiring an additional 20,483 shares during the period. Institutional investors own 70.38% of the company’s stock.

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.