Safehold (NYSE:SAFE) Price Target Cut to $14.00 by Analysts at Mizuho

Safehold (NYSE:SAFE) had its price target reduced by Mizuho from $17.00 to $14.00 in a research note released on Wednesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

SAFE has been the subject of a number of other research reports. Citigroup reissued a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Royal Bank Of Canada reduced their price target on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Finally, Cantor Fitzgerald set a $17.00 target price on shares of Safehold and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.22.

Safehold Price Performance

Shares of NYSE SAFE opened at $13.74 on Wednesday. The company has a 50 day simple moving average of $14.18 and a two-hundred day simple moving average of $15.01. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $21.04. The company has a market capitalization of $986.20 million, a price-to-earnings ratio of 8.75, a P/E/G ratio of 2.07 and a beta of 1.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. Safehold had a return on equity of 4.78% and a net margin of 29.67%.The company had revenue of $50.20 million for the quarter. Analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.177 per share. The ex-dividend date is Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.2%. Safehold’s payout ratio is 45.22%.

Institutional Investors Weigh In On Safehold

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Safehold by 136.4% during the 1st quarter. US Bancorp DE now owns 2,215 shares of the company’s stock valued at $41,000 after purchasing an additional 1,278 shares during the last quarter. Russell Investments Group Ltd. grew 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 valued at $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Safehold in the third quarter worth about $57,000. Finally, GAMMA Investing LLC lifted its position in shares of Safehold by 117.2% in the second quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock worth $61,000 after buying an additional 2,117 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

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.