Safehold (NYSE:SAFE) Stock Rating Upgraded by Wall Street Zen

Safehold (NYSE:SAFE) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $14.00 in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Mizuho upped their target price on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.25.

Safehold Stock Down 0.1%

NYSE SAFE opened at $13.49 on Friday. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average of $14.82 and a two-hundred day moving average of $14.57. The firm has a market capitalization of $969.07 million, a price-to-earnings ratio of 8.43, a PEG ratio of 1.37 and a beta of 1.84. Safehold has a 52 week low of $12.76 and a 52 week high of $18.61.

Safehold (NYSE:SAFE) last announced its earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business 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%. On average, analysts predict that Safehold will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently added to or reduced their stakes in SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Safehold during the fourth quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its holdings in shares of Safehold by 39.9% in the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock valued at $40,000 after purchasing an additional 743 shares during the period. Russell Investments Group Ltd. grew its stake in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC bought a new position in Safehold in the third quarter worth approximately $57,000. Finally, Versant Capital Management Inc increased its holdings in Safehold by 179.1% during the 3rd quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock worth $65,000 after purchasing an additional 2,711 shares during the period. 70.38% of the stock is currently owned by institutional investors.

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.