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

Safehold Inc. (NYSE:SAFE) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.5556.

Several analysts recently issued reports on SAFE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Mizuho raised their target price on Safehold from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Cantor Fitzgerald set a $17.00 price target on shares of Safehold and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada dropped their price objective on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st.

Safehold Trading Down 2.0%

NYSE SAFE opened at $13.82 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. Safehold has a one year low of $12.76 and a one year high of $21.24. The company has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $15.03. The firm has a market capitalization of $991.65 million, a PE ratio of 8.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.85.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. Safehold had a net margin of 29.67% and a return on equity of 4.78%. The firm had revenue of $50.20 million for the quarter. On average, equities analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.177 per share. The ex-dividend date is Tuesday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 5.1%. Safehold’s payout ratio is currently 45.22%.

Institutional Trading of Safehold

Hedge funds have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. bought a new position in shares of Safehold in the first quarter worth $6,552,000. Point72 Europe London LLP bought a new stake in shares of Safehold during the first quarter valued at about $6,201,000. Michelson Medical Research Foundation Inc. acquired a new stake in Safehold in the second quarter worth about $4,629,000. Algert Global LLC grew its position in Safehold by 137.4% in the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after buying an additional 281,478 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Safehold by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock valued at $21,859,000 after buying an additional 279,664 shares in the last quarter. Institutional investors 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.