Safehold Inc. (NYSE:SAFE) Receives Average Recommendation of “Hold” from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have received an average recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.00.

A number of analysts have recently weighed in on SAFE shares. Royal Bank Of Canada lowered their target price on Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Mizuho raised their price objective on shares of Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st.

Safehold Stock Up 2.2%

Shares of SAFE opened at $13.98 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of 8.90, a PEG ratio of 1.90 and a beta of 1.84. Safehold has a one year low of $12.76 and a one year high of $19.53. The business’s 50 day simple moving average is $14.01 and its 200-day simple moving average is $14.73. The company has a debt-to-equity ratio of 1.86, a current ratio of 36.91 and a quick ratio of 36.91.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Safehold had a return on equity of 4.78% and a net margin of 29.67%.The firm had revenue of $96.16 million during the quarter, compared to analysts’ expectations of $95.25 million. During the same period last year, the firm posted $0.37 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.177 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.1%. Safehold’s payout ratio is presently 45.22%.

Institutional Trading of Safehold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAFE. IMC Chicago LLC bought a new stake in Safehold during the 4th quarter worth about $351,000. Inscription Capital LLC bought a new stake in shares of Safehold during the fourth quarter worth approximately $152,000. Peregrine Capital Management LLC raised its stake in shares of Safehold by 7.3% during the fourth quarter. Peregrine Capital Management LLC now owns 346,818 shares of the company’s stock worth $4,748,000 after buying an additional 23,699 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Safehold by 12.1% in the fourth quarter. State of Alaska Department of Revenue now owns 60,760 shares of the company’s stock valued at $829,000 after buying an additional 6,538 shares during the period. Finally, Sterneck Capital Management LLC acquired a new stake in Safehold during the 4th quarter worth $149,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.