Safehold Inc. (NYSE:SAFE) Receives Average Rating of “Hold” from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.25.

A number of equities analysts have weighed in on SAFE shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Royal Bank Of Canada lifted 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. Zacks Research lowered shares of Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. 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. Finally, Mizuho raised their target price on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Safehold by 237.0% in the 1st quarter. SG Americas Securities LLC now owns 279,205 shares of the company’s stock valued at $3,778,000 after acquiring an additional 196,345 shares during the period. Hsbc Holdings PLC raised its stake in shares of Safehold by 32.7% in the 4th quarter. Hsbc Holdings PLC now owns 122,605 shares of the company’s stock valued at $1,676,000 after acquiring an additional 30,242 shares during the period. XTX Topco Ltd purchased a new position in shares of Safehold in the 4th quarter valued at $307,000. Tudor Investment Corp ET AL raised its stake 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 acquiring an additional 202,106 shares during the period. Finally, Man Group plc purchased a new position in shares of Safehold in the 4th quarter valued at $1,008,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 0.0%

Shares of SAFE opened at $15.48 on Wednesday. The firm has a market cap of $1.11 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.84. The company’s fifty day moving average is $14.93 and its two-hundred day moving average is $14.50. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $17.16. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. Analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Safehold’s dividend payout ratio (DPR) is currently 43.75%.

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.