Safehold Inc. (NYSE:SAFE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $25.25.

SAFE has been the subject of a number of research reports. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Safehold in a report on Monday, March 31st. Mizuho dropped their price target on Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price target on shares of Safehold from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its position in shares of Safehold by 8.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company’s stock worth $78,850,000 after buying an additional 336,458 shares in the last quarter. American Century Companies Inc. increased its position in shares of Safehold by 11.1% during the fourth quarter. American Century Companies Inc. now owns 1,515,743 shares of the company’s stock valued at $28,011,000 after acquiring an additional 150,976 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Safehold by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company’s stock worth $19,424,000 after acquiring an additional 388,899 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Safehold by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company’s stock worth $13,251,000 after purchasing an additional 29,348 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock valued at $11,942,000 after purchasing an additional 487,886 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Performance

SAFE stock opened at $15.62 on Wednesday. Safehold has a 1-year low of $13.68 and a 1-year high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average price of $17.19 and a 200-day moving average price of $18.69. The firm has a market cap of $1.12 billion, a PE ratio of 10.55 and a beta of 1.63.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the firm earned $0.36 EPS. As a group, equities research analysts expect that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 4.53%. Safehold’s payout ratio is 47.30%.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.