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

Shares of Safehold Inc. (NYSE:SAFE) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.40.

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday. Mizuho lowered their price objective on shares of Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Jefferies Financial Group began coverage on Safehold in a report on Thursday, January 4th. They issued a “buy” rating and a $33.00 target price for the company. Royal Bank of Canada lowered their price target on Safehold from $33.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, JMP Securities started coverage on Safehold in a research note on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 price objective for the company.

Hedge Funds Weigh In On Safehold

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in Safehold by 1,240.4% in the third quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock worth $25,000 after acquiring an additional 1,290 shares in the last quarter. State of Wyoming bought a new stake in Safehold in the second quarter worth $25,000. Tower Research Capital LLC TRC boosted its holdings in Safehold by 470.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,717 shares of the company’s stock worth $31,000 after purchasing an additional 1,416 shares in the last quarter. Versant Capital Management Inc increased its position in Safehold by 197.7% during the fourth quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock worth $33,000 after buying an additional 931 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Safehold during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

Shares of NYSE:SAFE opened at $18.95 on Friday. The company has a market capitalization of $1.35 billion, a PE ratio of -23.40 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 36.61 and a current ratio of 36.61. The stock has a fifty day moving average of $20.10 and a 200-day moving average of $19.85. Safehold has a one year low of $15.00 and a one year high of $29.59.

Safehold (NYSE:SAFE) last announced its earnings results on Monday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The company had revenue of $103.00 million for the quarter, compared to analyst estimates of $84.89 million. During the same period in the previous year, the firm earned ($6.00) earnings per share. Safehold’s revenue for the quarter was up 40.3% compared to the same quarter last year. As a group, equities analysts anticipate that Safehold will post 1.52 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold’s dividend payout ratio (DPR) is presently -86.42%.

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.