Safehold Inc. (NYSE:SAFE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Safehold Inc. (NYSE:SAFE) have been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.00.

Several equities research analysts have recently commented on SAFE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st. Mizuho upped their target price on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Truist Financial upped their target price on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and reduced their target price for the company from $18.00 to $16.00 in a report on Friday, May 1st. Finally, Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th.

Safehold Trading Down 1.7%

Shares of Safehold stock opened at $15.15 on Friday. The company has a quick ratio of 34.97, a current ratio of 35.58 and a debt-to-equity ratio of 1.91. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.62 and a beta of 1.86. The business has a fifty day simple moving average of $14.93 and a 200-day simple moving average of $14.53. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $17.16.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $110.85 million during the quarter, compared to analyst estimates of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. On average, equities analysts forecast that Safehold will post 1.69 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Safehold’s dividend payout ratio is currently 44.65%.

Institutional Investors Weigh In On Safehold

Several hedge funds have recently modified their holdings of SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Safehold during the fourth quarter valued at $31,000. Hantz Financial Services Inc. lifted its holdings in shares of Safehold by 39.9% during the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock valued at $40,000 after purchasing an additional 743 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after acquiring an additional 1,789 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Safehold in the 3rd quarter worth about $57,000. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after acquiring an additional 908 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

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.