Safehold Inc. (NYSE:SAFE) Short Interest Update

Safehold Inc. (NYSE:SAFE) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 2,593,241 shares, a drop of 24.3% from the December 15th total of 3,423,453 shares. Based on an average trading volume of 514,083 shares, the short-interest ratio is presently 5.0 days. Approximately 3.7% of the shares of the stock are short sold. Approximately 3.7% of the shares of the stock are short sold. Based on an average trading volume of 514,083 shares, the short-interest ratio is presently 5.0 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAFE. Royal Bank Of Canada reduced their target price on Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Cantor Fitzgerald set a $17.00 price objective on Safehold and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Mizuho increased their price objective on Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Safehold has a consensus rating of “Hold” and a consensus price target of $19.33.

Safehold Trading Down 0.4%

NYSE SAFE traded down $0.06 during trading on Friday, hitting $15.00. The company had a trading volume of 436,799 shares, compared to its average volume of 472,468. The company’s fifty day moving average is $13.81 and its 200-day moving average is $14.79. Safehold has a one year low of $12.76 and a one year high of $19.53. 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 $1.08 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.84.

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

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.71 annualized dividend and a yield of 4.7%. Safehold’s payout ratio is 45.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc grew its position in shares of Safehold by 4.9% during the 4th quarter. Aberdeen Group plc now owns 19,892 shares of the company’s stock valued at $272,000 after acquiring an additional 922 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Safehold by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 20,257 shares of the company’s stock valued at $276,000 after purchasing an additional 1,777 shares during the period. Exchange Traded Concepts LLC grew its holdings in Safehold by 10.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 98,937 shares of the company’s stock valued at $1,354,000 after purchasing an additional 9,668 shares during the period. CoreCap Advisors LLC purchased a new stake in Safehold in the fourth quarter worth about $113,000. Finally, Spinnaker Investment Group LLC bought a new position in shares of Safehold in the fourth quarter worth about $196,000. Institutional investors own 70.38% of the company’s stock.

About Safehold

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.