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

Safehold Inc. (NYSE:SAFE) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.75.

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and dropped their target price for the company from $18.00 to $16.00 in a report on Friday, May 1st. Mizuho raised their target price on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Zacks Research downgraded shares of Safehold from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st.

Institutional Investors Weigh In On Safehold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Safehold in the fourth quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its holdings 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 during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Safehold during the third quarter worth $57,000. Federation des caisses Desjardins du Quebec boosted its holdings 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 during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Safehold by 98.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after purchasing an additional 2,393 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Performance

NYSE:SAFE opened at $16.44 on Monday. The company has a current ratio of 35.58, a quick ratio of 35.59 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $14.82. Safehold has a twelve month low of $12.76 and a twelve month high of $17.16. The company has a market capitalization of $1.18 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 2.10 and a beta of 1.81.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Safehold had a net margin of 28.58% and a return on equity of 4.78%. The business had revenue of $110.85 million for the quarter, compared to analysts’ expectations of $96.51 million. As a group, research analysts expect that Safehold will post 1.64 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 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.