Safehold (NYSE:SAFE) Price Target Raised to $16.00 at Mizuho

Safehold (NYSE:SAFE) had its target price increased by Mizuho from $15.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 5.83% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Zacks Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Citigroup reissued a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Finally, Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $16.00 to $14.00 in a 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.33.

Safehold Stock Performance

Shares of NYSE SAFE opened at $15.12 on Wednesday. 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 $14.98 and its two-hundred day moving average price is $14.84. Safehold has a 52-week low of $12.76 and a 52-week high of $19.32. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.45, a P/E/G ratio of 2.11 and a beta of 1.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share 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 for the quarter, compared to analysts’ expectations of $96.71 million. As a group, sell-side analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Safehold during the fourth quarter worth $31,000. Hantz Financial Services Inc. boosted its holdings in shares of Safehold by 39.9% in the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after buying an additional 743 shares during the period. Russell Investments Group Ltd. increased its position in shares of Safehold by 115.0% in the second 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 acquired a new stake in shares of Safehold during the third quarter valued at approximately $57,000. Finally, Federation des caisses Desjardins du Quebec lifted its position in shares of Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after acquiring an additional 908 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

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.