Safehold (NYSE:SAFE) Given New $18.00 Price Target at Royal Bank Of Canada

Safehold (NYSE:SAFE) had its price target raised by investment analysts at Royal Bank Of Canada from $17.00 to $18.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 14.72% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Morgan Stanley lowered shares of Safehold from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Mizuho increased their price objective on shares of Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Safehold presently has a consensus rating of “Hold” and a consensus price target of $19.22.

Safehold Price Performance

NYSE SAFE traded up $0.07 on Friday, reaching $15.69. The company had a trading volume of 46,188 shares, compared to its average volume of 400,752. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.86. Safehold has a 12 month low of $12.76 and a 12 month high of $19.53. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88. The firm’s 50 day moving average price is $14.42 and its 200 day moving average price is $14.76.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Safehold had a net margin of 29.69% and a return on equity of 4.92%. The business had revenue of $97.87 million during the quarter, compared to the consensus estimate of $96.71 million. As a group, equities analysts predict that Safehold will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Safehold

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its holdings in Safehold by 928.2% during the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Safehold in the fourth quarter worth about $31,000. Russell Investments Group Ltd. boosted 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 acquiring an additional 1,789 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Safehold during the 3rd quarter worth about $57,000. Finally, Versant Capital Management Inc grew its position in shares of Safehold by 179.1% during the 3rd quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after acquiring an additional 2,711 shares during the period. 70.38% of the stock is 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.