Safehold (NYSE:SAFE) Announces Quarterly Earnings Results

Safehold (NYSE:SAFE) released its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02, FiscalAI reports. The business had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.67% and a return on equity of 4.78%.

Safehold Stock Performance

Shares of SAFE stock traded down $0.42 during trading hours on Wednesday, hitting $15.04. The company’s stock had a trading volume of 319,955 shares, compared to its average volume of 421,203. 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 50 day moving average of $14.17 and a 200 day moving average of $14.71. Safehold has a 12-month low of $12.76 and a 12-month high of $19.53. The stock has a market cap of $1.08 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 2.09 and a beta of 1.86.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, December 30th. Safehold’s dividend payout ratio is 44.59%.

Hedge Funds Weigh In On Safehold

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its holdings in shares of Safehold by 339.9% in the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after buying an additional 285,920 shares during the period. Los Angeles Capital Management LLC purchased a new position in Safehold during the fourth quarter valued at approximately $84,000. Geode Capital Management LLC raised its position in Safehold by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after acquiring an additional 6,255 shares in the last quarter. Advisory Services Network LLC acquired a new position in Safehold in the third quarter valued at approximately $57,000. Finally, Mariner LLC purchased a new stake in Safehold in the 3rd quarter worth approximately $264,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank Of Canada dropped 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. Mizuho upped their price objective on shares of Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Citigroup reiterated a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.00.

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.