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

Safehold Inc. (NYSE:SAFEGet Free Report) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.1667.

Several equities analysts have recently weighed in on SAFE shares. The Goldman Sachs Group reduced their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research upgraded shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada cut shares of Safehold from a “market outperform” rating to a “sector perform” rating and lowered their target price for the company from $18.00 to $16.00 in a report on Friday, May 1st.

Check Out Our Latest Analysis on SAFE

Safehold Stock Down 2.0%

Shares of NYSE SAFE opened at $14.95 on Tuesday. Safehold has a one year low of $12.76 and a one year high of $17.45. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The business’s fifty day moving average price is $16.02 and its 200-day moving average price is $15.33. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.23, a P/E/G ratio of 4.52 and a beta of 1.75.

Safehold (NYSE:SAFEGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The company had revenue of $114.65 million during the quarter, compared to analyst estimates of $110.78 million. On average, equities research analysts anticipate that Safehold will post 1.65 EPS for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s payout ratio is presently 43.83%.

Institutional Investors Weigh In On Safehold

Institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Safehold during the fourth quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its holdings in Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after purchasing an additional 1,789 shares during the period. Advisory Services Network LLC purchased a new position in shares of Safehold during the 3rd quarter valued at $57,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of Safehold by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after purchasing an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Safehold by 98.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after buying an additional 2,393 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Safehold (NYSE:SAFE)

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