Safehold (NYSE:SAFE) Stock Rating Reaffirmed as “Market Perform” by Citizens Jmp

Safehold (NYSE:SAFE)‘s stock had its “market perform” rating reissued by stock analysts at Citizens Jmp in a research note issued to investors on Wednesday, Benzinga reports.

SAFE has been the subject of a number of other reports. UBS Group downgraded Safehold to a “market perform” rating in a research note on Wednesday. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. cut shares of Safehold from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a research report on Thursday, September 24th. Truist Financial dropped their price objective on shares of Safehold from $17.00 to $13.00 and set a “hold” rating for the company in a report on Monday, September 28th. Finally, Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.17.

Safehold Stock Performance

Shares of Safehold stock opened at $12.01 on Wednesday. Safehold has a one year low of $11.60 and a one year high of $17.45. The company has a market cap of $850.19 million, a price-to-earnings ratio of 7.41, a PEG ratio of 3.60 and a beta of 1.78. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. The business’s 50 day moving average price is $14.08 and its 200 day moving average price is $14.94.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. On average, research analysts predict that Safehold will post 1.64 EPS for the current year.

Insider Activity at Safehold

In other news, Director Robin Josephs sold 9,500 shares of Safehold stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $14.56, for a total transaction of $138,320.00. Following the sale, the director owned 89,068 shares of the company’s stock, valued at approximately $1,296,830.08. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAFE. Versant Capital Management Inc raised its position in Safehold by 109.4% in the third quarter. Versant Capital Management Inc now owns 5,635 shares of the company’s stock valued at $66,000 after purchasing an additional 2,944 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Safehold by 32.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,094 shares of the company’s stock valued at $82,000 after purchasing an additional 1,478 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Safehold by 20.7% in the 3rd quarter. CoreCap Advisors LLC now owns 7,530 shares of the company’s stock valued at $89,000 after purchasing an additional 1,290 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Safehold in the 1st quarter valued at $122,000. Finally, Caxton Associates LLP acquired a new position in shares of Safehold in the 1st quarter valued at $168,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning ground leases. Through its ground-lease model, the company acquires and owns the land beneath commercial, residential, and other real estate assets while leasing that land to property owners under long-term agreements. This structure allows building owners to access the value of the land without selling the underlying property.

Safehold’s portfolio has included ground leases supporting multifamily, office, hotel, life sciences, industrial, and other commercial properties.