Truist Financial Forecasts Strong Price Appreciation for Safehold (NYSE:SAFE) Stock

Safehold (NYSE:SAFE) had its price target boosted by stock analysts at Truist Financial from $16.00 to $17.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 8.83% from the company’s previous close.

SAFE has been the topic of a number of other research reports. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. Morgan Stanley lowered shares of Safehold from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Safehold currently has an average rating of “Hold” and a consensus target price of $19.11.

Safehold Stock Down 0.1%

Shares of SAFE opened at $15.62 on Wednesday. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. Safehold has a 12 month low of $12.76 and a 12 month high of $19.53. The firm’s 50 day moving average is $14.42 and its 200-day moving average is $14.76. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.76, a P/E/G ratio of 2.16 and a beta of 1.86.

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

Institutional Investors Weigh In On Safehold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of Safehold by 928.2% during the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Safehold in the 4th quarter worth approximately $31,000. Russell Investments Group Ltd. increased its holdings in shares of Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after buying an additional 1,789 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Safehold during the 3rd quarter valued at $57,000. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 2,711 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other 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.