Safehold (NYSE:SAFE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Safehold (NYSE:SAFE) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other research analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. Zacks Research cut shares of Safehold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Truist Financial raised 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. Royal Bank Of Canada raised their target price on shares of Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Morgan Stanley cut shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $14.00 in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.25.

Safehold Stock Performance

Shares of SAFE opened at $13.46 on Friday. The firm has a 50-day moving average of $14.81 and a 200-day moving average of $14.55. Safehold has a one year low of $12.76 and a one year high of $18.07. The company has a market cap of $966.55 million, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.84. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting 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 the consensus estimate of $96.71 million. As a group, equities analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Tuesday, March 31st. Safehold’s dividend payout ratio (DPR) is currently 44.38%.

Institutional Trading of Safehold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 279,664 shares in the last quarter. Geode Capital Management LLC raised its stake in Safehold by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock worth $18,557,000 after purchasing an additional 6,255 shares in the last quarter. Long Pond Capital LP acquired a new stake in Safehold in the 4th quarter worth about $12,936,000. Invesco Ltd. raised 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 raised 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.

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.