Safehold (NYSE:SAFE) Upgraded by Wall Street Zen to Hold Rating

Safehold (NYSE:SAFE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their price target on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research note on Tuesday, April 21st. Mizuho increased their price objective on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and decreased their target price for the stock from $18.00 to $16.00 in a research report on Friday, May 1st. Finally, Zacks Research lowered Safehold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.75.

Safehold Stock Performance

NYSE SAFE opened at $16.37 on Friday. Safehold has a 52-week low of $12.76 and a 52-week high of $17.16. The company has a 50-day simple moving average of $15.35 and a 200 day simple moving average of $14.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. The company has a market capitalization of $1.17 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.77.

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

Institutional Trading of Safehold

A number of institutional investors have recently modified their holdings of the business. Long Pond Capital LP bought a new position in Safehold in the 4th quarter worth approximately $12,936,000. Michelson Medical Research Foundation Inc. bought a new stake in Safehold during the 2nd quarter valued at $4,629,000. Deutsche Bank AG raised 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 acquiring an additional 285,920 shares during the period. Algert Global LLC lifted its position in shares of Safehold by 137.4% during the third quarter. Algert Global LLC now owns 486,386 shares of the company’s stock worth $7,534,000 after acquiring an additional 281,478 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Safehold by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after acquiring an additional 279,664 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

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.