Safehold (NYSE:SAFE) Announces Quarterly Earnings Results

Safehold (NYSE:SAFE) posted its earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, FiscalAI reports. Safehold had a net margin of 29.67% and a return on equity of 4.78%. The firm had revenue of $97.87 million for the quarter, compared to the consensus estimate of $96.71 million.

Safehold Stock Down 2.7%

SAFE stock traded down $0.42 during trading on Wednesday, hitting $15.04. 319,955 shares of the company’s stock traded hands, compared to its average volume of 421,203. The firm has a market capitalization of $1.08 billion, a P/E ratio of 9.58, a PEG ratio of 2.09 and a beta of 1.86. Safehold has a 1 year low of $12.76 and a 1 year high of $19.53. The company has a quick ratio of 36.91, a current ratio of 36.91 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $14.71.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.177 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.7%. Safehold’s dividend payout ratio (DPR) is currently 44.59%.

Analyst Upgrades and Downgrades

SAFE has been the topic of several analyst reports. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Citigroup reiterated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Mizuho increased their price target on Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Morgan Stanley lowered shares of Safehold from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $16.00 to $14.00 in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SAFE. Russell Investments Group Ltd. lifted its stake in shares of Safehold by 115.0% during the 2nd 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 bought a new position in Safehold in the third quarter worth about $57,000. Tower Research Capital LLC TRC lifted its position 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 valued at $75,000 after buying an additional 2,393 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Safehold in the 4th quarter valued at about $84,000. Finally, Creative Planning bought a new stake in shares of Safehold in the 2nd quarter valued at about $231,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

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.