Safehold (NYSE:SAFE) Stock Passes Above 50 Day Moving Average – What’s Next?

Shares of Safehold Inc. (NYSE:SAFE) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.71 and traded as high as $14.76. Safehold shares last traded at $14.6820, with a volume of 288,140 shares changing hands.

Analyst Ratings Changes

SAFE has been the topic of a number of recent research reports. Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. The Goldman Sachs Group lowered their target price on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st. Wall Street Zen downgraded Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Mizuho upped their price target on Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.75.

Safehold Price Performance

The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.49. The company has a quick ratio of 35.59, a current ratio of 35.58 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.05 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.57 and a beta of 1.86.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $110.85 million during the quarter, compared to analysts’ expectations of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. On average, analysts forecast that Safehold Inc. will post 1.69 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.177 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 4.8%. Safehold’s dividend payout ratio (DPR) is currently 44.65%.

Institutional Trading of Safehold

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Safehold during the fourth quarter worth about $31,000. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 743 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Safehold during the third quarter worth about $57,000. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Safehold by 25.8% during 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 in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

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.