Analysts Set Safehold Inc. (NYSE:SAFE) Target Price at $19.22

Shares of Safehold Inc. (NYSE:SAFE) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.2222.

SAFE has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research report on Wednesday, October 8th. Mizuho cut their price objective on Safehold from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Truist Financial lowered their target price on Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Finally, Royal Bank Of Canada cut their price target on Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th.

Hedge Funds Weigh In On Safehold

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Safehold by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after purchasing an additional 15,280 shares during the last quarter. Strs Ohio bought a new stake in shares of Safehold in the 1st quarter valued at about $555,000. Cubist Systematic Strategies LLC increased its stake in shares of Safehold by 48.6% in the first quarter. Cubist Systematic Strategies LLC now owns 64,744 shares of the company’s stock valued at $1,212,000 after buying an additional 21,187 shares during the period. JPMorgan Chase & Co. raised its position in shares of Safehold by 19.2% during the second quarter. JPMorgan Chase & Co. now owns 1,131,494 shares of the company’s stock worth $17,606,000 after acquiring an additional 182,006 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Safehold in the second quarter worth approximately $330,000. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 0.7%

Shares of NYSE SAFE opened at $14.39 on Monday. The company has a current ratio of 36.91, a quick ratio of 36.91 and a debt-to-equity ratio of 1.86. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.08 and a beta of 1.84. Safehold has a 12 month low of $12.76 and a 12 month high of $19.53. The stock has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $14.83.

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

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 yield of 4.9%. Safehold’s dividend payout ratio (DPR) is currently 45.22%.

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.