Safehold (NYSE:SAFE) Downgraded to “Sell” Rating by Wall Street Zen

Safehold (NYSE:SAFE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also commented on SAFE. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Citigroup reaffirmed a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Royal Bank Of Canada upped their target price on shares of Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Mizuho boosted their price target on shares of Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Safehold has an average rating of “Hold” and an average target price of $19.33.

Safehold Stock Performance

Shares of SAFE opened at $13.77 on Friday. The firm has a market capitalization of $988.42 million, a P/E ratio of 8.61, a P/E/G ratio of 2.00 and a beta of 1.80. Safehold has a 52 week low of $12.76 and a 52 week high of $19.21. The stock has a 50 day moving average price of $15.05 and a two-hundred day moving average price of $14.77. The company has a debt-to-equity ratio of 1.88, a quick ratio of 34.97 and a current ratio of 34.97.

Safehold (NYSE:SAFE) last posted its 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 return on equity of 4.92% and a net margin of 29.69%. Equities analysts forecast that Safehold will post 1.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Safehold

A number of hedge funds have recently made changes to their positions in SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Safehold during the fourth quarter valued at about $31,000. Hantz Financial Services Inc. increased its holdings in Safehold by 39.9% during the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after buying an additional 743 shares during the last quarter. Russell Investments Group Ltd. raised its position in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after acquiring an additional 1,789 shares during the period. Advisory Services Network LLC purchased a new position in Safehold in the third quarter valued at about $57,000. Finally, Versant Capital Management Inc boosted its stake in Safehold by 179.1% in the third quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after acquiring an additional 2,711 shares during the last quarter. 70.38% of the stock is currently owned by 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.