Safehold Inc. (NYSE:SAFE) Receives $19.89 Consensus Price Target from Analysts

Safehold Inc. (NYSE:SAFE) has received a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.8889.

A number of equities research analysts have recently commented on SAFE shares. Truist Financial dropped their price target on Safehold from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, September 11th. Cantor Fitzgerald set a $17.00 target price on Safehold and gave the company a “neutral” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their target price on Safehold from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 9th. JMP Securities dropped their target price on Safehold from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, Mizuho lifted their target price on Safehold from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th.

Safehold Trading Up 1.3%

NYSE SAFE opened at $15.73 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.40 and a beta of 1.85. The company has a debt-to-equity ratio of 1.85, a current ratio of 36.02 and a quick ratio of 36.02. The stock’s 50-day moving average is $15.81 and its 200-day moving average is $15.40. Safehold has a one year low of $13.43 and a one year high of $23.90.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 EPS for the quarter. The company had revenue of $50.20 million for the quarter. Safehold had a return on equity of 4.70% and a net margin of 27.45%. Sell-side analysts anticipate that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Safehold’s dividend payout ratio (DPR) is currently 48.95%.

Institutional Investors Weigh In On Safehold

A number of hedge funds and other institutional investors have recently bought and sold shares of SAFE. Hantz Financial Services Inc. raised its position in Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the last quarter. US Bancorp DE grew its stake in Safehold by 136.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the company’s stock valued at $41,000 after purchasing an additional 1,278 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after purchasing an additional 1,789 shares in the last quarter. GAMMA Investing LLC grew its stake in Safehold by 117.2% in the second quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $61,000 after purchasing an additional 2,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Safehold in the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

About Safehold

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.