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

Safehold Inc. (NYSE:SAFE) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.56.

SAFE has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho upped their price objective on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th.

Safehold Stock Up 0.4 %

Shares of NYSE SAFE opened at $16.78 on Friday. The firm’s 50-day moving average is $17.56 and its two-hundred day moving average is $21.40. The company has a market capitalization of $1.20 billion, a PE ratio of 11.34 and a beta of 1.66. Safehold has a 12-month low of $15.55 and a 12-month high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59.

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 analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the company posted $0.36 EPS. Equities analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s payout ratio is currently 47.97%.

Institutional Investors Weigh In On Safehold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. GAMMA Investing LLC grew its stake in Safehold by 108.7% during 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 period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Safehold by 35.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after acquiring an additional 471 shares in the last quarter. KBC Group NV raised its stake in shares of Safehold by 79.3% in 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 period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after acquiring an additional 849 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.