Safehold Inc. (NYSE:SAFE) Receives $29.00 Average Target Price from Brokerages

Shares of Safehold Inc. (NYSE:SAFEGet Free Report) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.00.

Several analysts have recently weighed in on the stock. JMP Securities started coverage on shares of Safehold in a research note on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 price objective for the company. The Goldman Sachs Group boosted their price target on shares of Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. TheStreet downgraded shares of Safehold from a “c-” rating to a “d” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Safehold from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 28th. Finally, Truist Financial dropped their price objective on shares of Safehold from $24.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 27th.

View Our Latest Research Report on SAFE

Institutional Trading of Safehold

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Safehold by 17.8% during the second quarter. FMR LLC now owns 1,643 shares of the company’s stock valued at $58,000 after acquiring an additional 248 shares in the last quarter. Yousif Capital Management LLC boosted its position in Safehold by 2.0% in the first quarter. Yousif Capital Management LLC now owns 12,876 shares of the company’s stock worth $714,000 after purchasing an additional 250 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Safehold by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 6,043 shares of the company’s stock valued at $160,000 after buying an additional 340 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Safehold by 2.8% during the 2nd quarter. AQR Capital Management LLC now owns 12,546 shares of the company’s stock valued at $444,000 after buying an additional 344 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its position in shares of Safehold by 17.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,953 shares of the company’s stock valued at $164,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Safehold Price Performance

NYSE:SAFE opened at $20.23 on Monday. The firm’s 50-day simple moving average is $21.80 and its 200 day simple moving average is $20.03. The company has a debt-to-equity ratio of 1.71, a quick ratio of 38.91 and a current ratio of 38.91. Safehold has a 52 week low of $15.00 and a 52 week high of $34.62. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -2.65 and a beta of 1.46.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Thursday, December 28th. Safehold’s dividend payout ratio is presently -9.29%.

About Safehold

(Get Free Report

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.

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Analyst Recommendations for Safehold (NYSE:SAFE)

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