Safehold Inc. (NYSE:SAFE) Stock Has Average Target Price of $14.17 According to Analysts

Shares of Safehold Inc. (NYSE:SAFE – Get Free Report) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.00.

A number of analysts recently weighed in on SAFE shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Safehold from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. The Goldman Sachs Group restated a “buy” rating and set a $19.00 price target on shares of Safehold in a research report on Wednesday, October 21st. Morgan Stanley set a $12.00 price target on shares of Safehold and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Finally, UBS Group downgraded shares of Safehold to a “market perform” rating in a research note on Wednesday, October 14th.

Read Our Latest Analysis on Safehold

Safehold Stock Performance

NYSE:SAFE opened at $10.65 on Friday. The company has a current ratio of 34.05, a quick ratio of 34.36 and a debt-to-equity ratio of 1.81. Safehold has a 12-month low of $10.27 and a 12-month high of $17.45. The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $14.63. The stock has a market capitalization of $754.59 million, a P/E ratio of 6.58, a P/E/G ratio of 3.22 and a beta of 1.82.

Safehold (NYSE:SAFE – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The business had revenue of $118.68 million during the quarter, compared to analysts’ expectations of $117.38 million. Safehold had a net margin of 26.19% and a return on equity of 4.63%. Equities research analysts forecast that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.1770 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Safehold’s dividend payout ratio (DPR) is presently 43.83%.

Insider Buying and Selling at Safehold

In other Safehold news, Director Robin Josephs sold 9,500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total transaction of $138,320.00. Following the transaction, the director directly owned 89,068 shares in the company, valued at $1,296,830.08. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Safehold

A number of large investors have recently made changes to their positions in the company. Inspire Investing LLC acquired a new stake in shares of Safehold in the third quarter valued at about $36,000. Versant Capital Management Inc raised its holdings in Safehold by 109.4% in the third quarter. Versant Capital Management Inc now owns 5,635 shares of the company’s stock valued at $66,000 after acquiring an additional 2,944 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Safehold by 32.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,094 shares of the company’s stock valued at $82,000 after purchasing an additional 1,478 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Safehold by 20.7% in the 3rd quarter. CoreCap Advisors LLC now owns 7,530 shares of the company’s stock worth $89,000 after acquiring an additional 1,290 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Safehold by 312.6% during the third quarter. Signaturefd LLC now owns 8,429 shares of the company’s stock valued at $99,000 after purchasing an additional 6,386 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

More Safehold News

Here are the key news stories impacting Safehold this week:

  • Positive Sentiment: Q3 revenue was $118.68 million, modestly above the $117.38 million consensus estimate. Earnings results
  • Neutral Sentiment: Management’s earnings-call commentary highlighted resilience despite rate pressure. It also said AI could become disinflationary over the next two to three years, a potentially supportive longer-term development, though not an immediate catalyst. Earnings call highlights AI and inflation outlook
  • Negative Sentiment: Q3 EPS of $0.41 missed the $0.43 consensus estimate. Royal Bank of Canada also cut its price target from $13 to $12, maintaining a “sector perform” rating—though the new target still implies potential upside from the prevailing share price. RBC rating and target

Safehold Company Profile

(Get Free Report)

Safehold Inc (NYSE: SAFE) is a real estate investment trust that owns and manages ground leases for commercial, multifamily, and other income-producing properties. Under a ground lease, Safehold owns the land beneath a building while the property owner leases the land for a long term and retains ownership of the improvements on it.

The company’s business model is designed to provide property owners with access to capital while allowing them to maintain control of their buildings. Safehold’s ground lease investments are generally structured as long-duration leases that can support the development, acquisition, refinancing, or recapitalization of real estate assets.

Further Reading

Analyst Recommendations for Safehold (NYSE:SAFE)

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