Truist Financial Issues Positive Forecast for Safehold (NYSE:SAFE) Stock Price

Safehold (NYSE:SAFE) had its target price increased by equities research analysts at Truist Financial from $16.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 7.63% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada cut their price target on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Mizuho boosted their price target on shares of Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.11.

Safehold Price Performance

SAFE traded down $0.32 on Wednesday, reaching $15.80. The stock had a trading volume of 30,945 shares, compared to its average volume of 407,320. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $19.53. The firm has a 50-day moving average of $14.36 and a 200-day moving average of $14.75. 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 company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 2.17 and a beta of 1.86.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The firm had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. As a group, sell-side analysts anticipate that Safehold will post 1.58 EPS for the current year.

Hedge Funds Weigh In On Safehold

Large investors have recently modified their holdings of the company. Long Pond Capital LP bought a new stake in Safehold during the 4th quarter valued at $12,936,000. Michelson Medical Research Foundation Inc. acquired a new position in shares of Safehold during the second quarter valued at about $4,629,000. Deutsche Bank AG increased its position in shares of Safehold by 339.9% during the fourth quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock worth $5,066,000 after acquiring an additional 285,920 shares in the last quarter. Algert Global LLC raised its holdings in shares of 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 acquiring an additional 281,478 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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. 70.38% of the stock is currently owned by institutional investors.

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.