Safehold Inc. (NYSE:SAFE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Safehold Inc. (NYSE:SAFE) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.8889.

A number of equities analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Safehold from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group dropped their price target on shares of Safehold from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of Safehold from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. JMP Securities dropped their price target on shares of Safehold from $32.00 to $28.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Mizuho dropped their price target on shares of Safehold from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, June 16th.

Hedge Funds Weigh In On Safehold

A number of hedge funds and other institutional investors have recently modified their holdings of SAFE. Hantz Financial Services Inc. boosted its position in shares of Safehold by 928.2% during the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock worth $29,000 after acquiring an additional 1,680 shares during the last quarter. US Bancorp DE boosted its position in shares of Safehold by 136.4% during the first quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $41,000 after acquiring an additional 1,278 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Safehold by 73.9% during the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company’s stock worth $44,000 after acquiring an additional 1,010 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Safehold by 115.0% during the second 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 during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Safehold by 117.2% during the second quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock worth $61,000 after acquiring an additional 2,117 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

Shares of NYSE SAFE opened at $16.47 on Tuesday. The firm has a 50 day moving average of $15.20 and a 200 day moving average of $15.98. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.85. Safehold has a 12-month low of $13.43 and a 12-month high of $28.80.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $93.84 million during the quarter, compared to analyst estimates of $94.05 million. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. On average, research analysts anticipate 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 was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.177 per share. The ex-dividend date was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.3%. Safehold’s dividend payout ratio is currently 49.65%.

About Safehold

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.