Brokerages Set Safehold Inc. (NYSE:SAFE) Target Price at $25.00

Safehold Inc. (NYSE:SAFE) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, 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 1-year price target among brokers that have covered the stock in the last year is $25.00.

SAFE has been the subject of several recent research reports. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of Safehold in a report on Monday, March 31st. Finally, Mizuho cut their price target on Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd.

Institutional Investors Weigh In On Safehold

Several hedge funds and other institutional investors have recently made changes to their positions in SAFE. Smartleaf Asset Management LLC boosted its holdings in Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,020 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Safehold by 73.9% during the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company’s stock worth $44,000 after buying an additional 1,010 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Safehold by 23.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after buying an additional 849 shares during the last quarter. Vestcor Inc acquired a new position in shares of Safehold in the 3rd quarter valued at $110,000. Finally, FMR LLC grew its position in shares of Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after buying an additional 1,163 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Down 6.4 %

SAFE opened at $16.57 on Friday. Safehold has a 52 week low of $15.55 and a 52 week high of $28.80. The business has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $19.92. The firm has a market cap of $1.19 billion, a P/E ratio of 11.19 and a beta of 1.63. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the business posted $0.36 EPS. On average, equities analysts expect that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 4.27%. Safehold’s dividend payout ratio is currently 47.30%.

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.