Safehold Inc. (NYSE:SAFE) Given Consensus Rating of “Hold” by Analysts

Safehold Inc. (NYSE:SAFE) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.75.

SAFE has been the topic of several research analyst reports. Mizuho upped their target price on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research note on Tuesday, April 21st. Truist Financial increased their price objective on shares of Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Safehold from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut shares of Safehold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th.

Institutional Investors Weigh In On Safehold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAFE. Long Pond Capital LP purchased a new stake in Safehold in the 4th quarter worth approximately $12,936,000. Michelson Medical Research Foundation Inc. purchased a new stake in Safehold during the 2nd quarter valued at approximately $4,629,000. Deutsche Bank AG grew its holdings in Safehold by 339.9% during the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after buying an additional 285,920 shares in the last quarter. Algert Global LLC grew its holdings in Safehold by 137.4% during the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after buying an additional 281,478 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Safehold by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock valued at $21,859,000 after buying an additional 279,664 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of Safehold stock opened at $14.91 on Thursday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.92 and a beta of 1.81. The firm’s 50-day moving average is $14.78 and its 200 day moving average is $14.56. Safehold has a 1 year low of $12.76 and a 1 year high of $17.16. The company has a debt-to-equity ratio of 1.91, a current ratio of 35.58 and a quick ratio of 35.59.

Safehold (NYSE:SAFE) last announced its quarterly earnings results 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 the consensus estimate of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. Sell-side analysts anticipate that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Dividend Announcement

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

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.