Safehold Inc. (NYSE:SAFE) Given Consensus Recommendation of “Hold” by Analysts

Safehold Inc. (NYSE:SAFE) has earned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.3333.

Several analysts have issued reports on the stock. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $14.00 in a research note on Thursday, January 22nd. Truist Financial lifted their price target on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Safehold from a “hold” rating to a “sell” rating in a research report on Saturday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its stake in Safehold by 13.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock valued at $89,000 after buying an additional 695 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Safehold by 39.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock valued at $40,000 after buying an additional 743 shares during the period. Franklin Resources Inc. boosted its stake in shares of Safehold by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 16,462 shares of the company’s stock valued at $256,000 after buying an additional 878 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in shares of Safehold by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after acquiring an additional 908 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings 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 in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Performance

Safehold stock opened at $13.77 on Friday. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $19.21. The firm’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $14.77. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97. The company has a market cap of $988.42 million, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Safehold had a net margin of 29.69% and a return on equity of 4.92%. The business had revenue of $97.87 million during the quarter, compared to the consensus estimate of $96.71 million. As a group, equities research analysts predict that Safehold will post 1.58 EPS for the current year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Safehold’s dividend payout ratio is 44.38%.

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.