JMP Securities Reaffirms “Market Outperform” Rating for Safehold (NYSE:SAFE)

Safehold (NYSE:SAFE)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research report issued on Thursday,Benzinga reports. They currently have a $35.00 price objective on the stock. JMP Securities’ price objective suggests a potential upside of 102.38% from the stock’s current price.

A number of other equities research analysts also recently issued reports on SAFE. Royal Bank of Canada boosted their price objective on shares of Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reaffirmed a “neutral” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Safehold in a research note on Monday, November 4th. Mizuho lifted their price objective on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.56.

Safehold Stock Down 3.2 %

Safehold stock opened at $17.29 on Thursday. Safehold has a one year low of $15.55 and a one year high of $28.80. The stock has a fifty day moving average of $18.33 and a 200 day moving average of $21.79. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. The stock has a market cap of $1.24 billion, a PE ratio of 10.17 and a beta of 1.66.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 32.08% and a return on equity of 4.79%. During the same period in the previous year, the firm posted $0.36 EPS. As a group, sell-side analysts predict that Safehold will post 1.57 EPS for the current year.

Institutional Trading of Safehold

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Safehold by 266.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock valued at $9,171,000 after purchasing an additional 254,227 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Safehold by 1,683.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock valued at $4,209,000 after buying an additional 214,979 shares during the last quarter. B&I Capital AG grew its holdings in Safehold by 75.3% during the 4th quarter. B&I Capital AG now owns 417,503 shares of the company’s stock valued at $7,715,000 after buying an additional 179,376 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new position in Safehold during the 3rd quarter valued at approximately $3,683,000. Finally, Edgestream Partners L.P. bought a new stake in Safehold in the 4th quarter worth approximately $2,217,000. 70.38% of the stock is currently owned by institutional investors.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.