Safehold (NYSE:SAFE) Rating Lowered to Strong Sell at Zacks Research

Safehold (NYSE:SAFE) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

SAFE has been the subject of a number of other reports. Mizuho lifted their price target on shares of Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Tuesday, April 21st. Royal Bank Of Canada cut shares of Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Wall Street Zen downgraded Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group reduced their price target on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.75.

Safehold Stock Performance

Safehold stock opened at $15.19 on Wednesday. The company’s 50-day moving average price is $14.73 and its 200-day moving average price is $14.52. Safehold has a twelve month low of $12.76 and a twelve month high of $17.16. The company has a quick ratio of 35.59, a current ratio of 35.58 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.09 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Safehold had a return on equity of 4.78% and a net margin of 28.58%.The business had revenue of $110.85 million during the quarter, compared to the consensus estimate of $96.51 million. On average, equities research analysts forecast that Safehold will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently added to or reduced their stakes in SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Safehold in the 4th quarter worth about $31,000. Hantz Financial Services Inc. grew its stake in Safehold by 39.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after acquiring an additional 743 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Safehold by 115.0% in the 2nd 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 bought a new position in Safehold in the 3rd quarter worth about $57,000. Finally, Federation des caisses Desjardins du Quebec grew its stake in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after acquiring an additional 908 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

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.