Brokerages Set Safehold Inc. (NYSE:SAFE) Target Price at $19.22

Shares of Safehold Inc. (NYSE:SAFE) have earned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.2222.

SAFE has been the subject of several analyst reports. Citigroup reiterated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Truist Financial boosted their target price on shares of Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Mizuho lifted their price target on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Royal Bank Of Canada upped their price objective on Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th.

Safehold Price Performance

Shares of NYSE SAFE opened at $16.23 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.80. The stock’s 50-day moving average is $14.76 and its two-hundred day moving average is $14.85. Safehold has a 1-year low of $12.76 and a 1-year high of $19.53.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The business had revenue of $97.87 million during the quarter, compared to the consensus estimate of $96.71 million. Analysts forecast that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 30th. Safehold’s dividend payout ratio is 44.38%.

Institutional Trading of Safehold

Several institutional investors have recently modified their holdings of SAFE. Hantz Financial Services Inc. grew its position in shares of Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Safehold in the fourth quarter valued at $31,000. Russell Investments Group Ltd. boosted its stake in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after acquiring an additional 1,789 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Safehold during the third quarter worth about $57,000. Finally, Federation des caisses Desjardins du Quebec increased its position 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 in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

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.