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

Shares of Safehold Inc. (NYSE:SAFE) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.22.

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada increased their price objective on shares of Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Mizuho increased their price target on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Safehold in a research note on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAFE. Vanguard Group Inc. lifted its holdings in shares of Safehold by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company’s stock worth $161,949,000 after acquiring an additional 141,245 shares during the last quarter. Long Pond Capital LP lifted its stake in Safehold by 14.9% in the second quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock worth $51,361,000 after purchasing an additional 345,661 shares during the last quarter. Sei Investments Co. boosted its position in shares of Safehold by 3.2% during the second quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock valued at $12,926,000 after buying an additional 20,483 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Safehold by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock valued at $9,080,000 after buying an additional 34,404 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in shares of Safehold by 10.0% in the second quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company’s stock worth $7,443,000 after buying an additional 35,046 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Price Performance

Shares of Safehold stock opened at $20.67 on Wednesday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.16 and a beta of 1.68. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The stock’s 50-day simple moving average is $24.79 and its 200-day simple moving average is $22.04. Safehold has a 52 week low of $16.27 and a 52 week high of $28.80.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The company had revenue of $90.70 million for the quarter, compared to analysts’ expectations of $89.45 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Safehold will post 1.57 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 annualized dividend and a yield of 3.43%. Safehold’s payout ratio is presently 41.18%.

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.