Safehold (NYSE:SAFE) Given Neutral Rating at Wedbush

Wedbush restated their neutral rating on shares of Safehold (NYSE:SAFE) in a research report released on Friday,Benzinga reports. Wedbush currently has a $19.00 price target on the stock, down from their prior price target of $20.00.

Several other research firms have also recently commented on SAFE. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Thursday. Royal Bank of Canada raised their price target on shares of Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho raised their price objective on shares of Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.56.

Safehold Stock Down 3.2 %

Shares of SAFE stock opened at $17.29 on Friday. Safehold has a 1-year low of $15.55 and a 1-year high of $28.80. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 10.17 and a beta of 1.66. The company has a debt-to-equity ratio of 1.85, a current ratio of 37.83 and a quick ratio of 37.83. The stock’s fifty day moving average price is $18.33 and its 200 day moving average price is $21.79.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Safehold had a net margin of 32.08% and a return on equity of 4.79%. During the same period in the previous year, the company posted $0.36 earnings per share. On average, research analysts expect that Safehold will post 1.57 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.09%. Safehold’s payout ratio is currently 41.76%.

Institutional Investors Weigh In On Safehold

Several institutional investors have recently bought and sold shares of SAFE. Smartleaf Asset Management LLC boosted its holdings in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after buying an additional 1,020 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock valued at $47,000 after purchasing an additional 471 shares during the last quarter. KBC Group NV increased its holdings in shares of Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Safehold in the third quarter valued at approximately $110,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

About Safehold

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.