Safehold Inc. (NYSE:SAFE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Safehold Inc. (NYSE:SAFE) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.22.

Several research firms have commented on SAFE. Royal Bank of Canada dropped their price objective on shares of Safehold from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research note on Thursday, May 16th. JPMorgan Chase & Co. decreased their price objective on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Finally, Mizuho cut Safehold from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $20.00 in a research note on Friday, May 10th.

Institutional Investors Weigh In On Safehold

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. UBS Group AG raised its holdings in shares of Safehold by 1,002.8% in the fourth quarter. UBS Group AG now owns 2,206,178 shares of the company’s stock valued at $51,625,000 after acquiring an additional 2,006,133 shares in the last quarter. Aew Capital Management L P purchased a new position in Safehold during the 4th quarter valued at about $25,605,000. Vanguard Group Inc. raised its holdings in shares of Safehold by 11.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,709,773 shares of the company’s stock valued at $137,234,000 after purchasing an additional 816,033 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of Safehold in the 1st quarter worth approximately $7,227,000. Finally, Sei Investments Co. boosted its stake in shares of Safehold by 62.4% during the first quarter. Sei Investments Co. now owns 649,582 shares of the company’s stock valued at $13,381,000 after purchasing an additional 249,500 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Safehold Trading Up 0.4 %

SAFE opened at $18.75 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of -41.67 and a beta of 1.66. Safehold has a 12 month low of $15.00 and a 12 month high of $26.33. The company has a current ratio of 42.51, a quick ratio of 42.51 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $19.23 and a 200 day moving average of $20.46.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $93.20 million during the quarter, compared to analyst estimates of $88.20 million. Safehold had a positive return on equity of 4.43% and a negative net margin of 7.87%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. As a group, research analysts forecast that Safehold will post 1.54 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.71 annualized dividend and a yield of 3.78%. Safehold’s dividend payout ratio (DPR) is currently -157.78%.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.