Safehold Inc. (NYSE:SAFE) Given Average Rating of “Hold” by Brokerages

Safehold Inc. (NYSE:SAFE) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a report on Tuesday, October 29th. Mizuho increased their price objective on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, Wedbush reissued a “neutral” rating and set a $23.00 price objective (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th.

Institutional Trading of Safehold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Safehold by 5.8% during the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after acquiring an additional 823 shares during the period. GAMMA Investing LLC increased its position in shares of Safehold by 108.7% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after acquiring an additional 920 shares during the period. FMR LLC increased its position in shares of Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after acquiring an additional 1,163 shares during the period. Finally, KBC Group NV boosted its stake in shares of Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after purchasing an additional 1,275 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Trading Down 0.5 %

Shares of SAFE stock opened at $17.01 on Monday. Safehold has a 1 year low of $15.55 and a 1 year high of $28.80. The firm has a fifty day moving average price of $19.50 and a 200-day moving average price of $22.20. The company has a debt-to-equity ratio of 1.85, a current ratio of 37.83 and a quick ratio of 37.83. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.01 and a beta of 1.67.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. Safehold’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities analysts predict that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is currently 41.76%.

About Safehold

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.