Safehold (NYSE:SAFE) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Safehold (NYSE:SAFE) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other analysts have also recently issued reports on SAFE. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Mizuho boosted their price target on Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Morgan Stanley lowered 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. Finally, Royal Bank Of Canada boosted their target price on shares of Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Safehold has a consensus rating of “Hold” and a consensus price target of $19.33.

Safehold Price Performance

Shares of SAFE opened at $14.22 on Friday. The company has a 50 day moving average price of $15.03 and a 200-day moving average price of $14.74. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $19.21. The stock has a market capitalization of $1.02 billion, a PE ratio of 8.89, a PEG ratio of 1.87 and a beta of 1.80. The company has a debt-to-equity ratio of 1.88, a quick ratio of 34.97 and a current ratio of 34.97.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $97.87 million for the quarter, compared to the consensus estimate of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. Equities analysts predict 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 Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, March 31st. Safehold’s payout ratio is 44.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAFE. Hsbc Holdings PLC boosted its holdings in Safehold by 32.7% in the fourth quarter. Hsbc Holdings PLC now owns 122,605 shares of the company’s stock worth $1,676,000 after acquiring an additional 30,242 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Safehold during the fourth quarter valued at about $307,000. Tudor Investment Corp ET AL raised its position in shares of Safehold by 936.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 223,678 shares of the company’s stock valued at $3,062,000 after purchasing an additional 202,106 shares during the last quarter. Man Group plc purchased a new position in shares of Safehold in the 4th quarter valued at approximately $1,008,000. Finally, Infrastructure Capital Advisors LLC boosted its stake in Safehold by 5.8% in the 4th quarter. Infrastructure Capital Advisors LLC now owns 46,783 shares of the company’s stock worth $640,000 after purchasing an additional 2,550 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

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.