Safehold (NYSE:SAFE) Stock Rating Lowered by Wall Street Zen

Safehold (NYSE:SAFE) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other brokerages have also recently commented on SAFE. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $16.00 to $14.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price objective on Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Finally, Truist Financial lifted their target price on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. One equities 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.com, Safehold presently has an average rating of “Hold” and a consensus price target of $19.33.

Safehold Stock Down 4.6%

SAFE stock opened at $13.77 on Friday. 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 firm has a market capitalization of $988.42 million, a P/E ratio of 8.61, a P/E/G ratio of 1.87 and a beta of 1.80. Safehold has a 52-week low of $12.76 and a 52-week high of $19.21. The company’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $14.75.

Safehold (NYSE:SAFE) last posted 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 net margin of 29.69% and a return on equity of 4.92%. The firm had revenue of $97.87 million during the quarter, compared to analyst estimates of $96.71 million. As a group, equities research analysts anticipate that Safehold will post 1.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Safehold during the 4th quarter valued at $31,000. Hantz Financial Services Inc. boosted its holdings in 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 purchasing an additional 743 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in 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 purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC acquired a new position in Safehold during the third quarter worth $57,000. Finally, Versant Capital Management Inc increased its position in Safehold by 179.1% during the third quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock worth $65,000 after buying an additional 2,711 shares during the last quarter. Institutional investors and hedge funds 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.