Safehold Inc. (NYSE:SAFE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Safehold Inc. (NYSE:SAFE) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.3333.

A number of equities analysts have issued reports on the company. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $16.00 to $14.00 in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Royal Bank Of Canada raised their target price on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Citigroup reaffirmed a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Safehold

A number of institutional investors and hedge funds have recently modified their holdings of SAFE. JPMorgan Chase & Co. grew its holdings in shares of Safehold by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after acquiring an additional 279,664 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Safehold by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after purchasing an additional 6,255 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Safehold in the 4th quarter valued at $12,936,000. Invesco Ltd. increased its stake in Safehold by 4.6% in the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after purchasing an additional 27,395 shares in the last quarter. Finally, Algert Global LLC increased its stake in Safehold by 137.4% in the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock worth $7,534,000 after purchasing an additional 281,478 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $13.77 on Friday. The business’s 50 day moving average is $15.05 and its 200-day moving average is $14.77. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. The stock has a market cap of $988.42 million, a PE ratio of 8.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.80. Safehold has a twelve month low of $12.76 and a twelve month high of $19.21.

Safehold (NYSE:SAFE) last issued 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 net margin of 29.69% and a return on equity of 4.92%. The company had revenue of $97.87 million during the quarter, compared to analyst estimates of $96.71 million. On average, analysts predict that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.177 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.71 annualized dividend and a yield of 5.1%. Safehold’s payout ratio is 44.38%.

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.