Safehold (NYSE:SAFE) Shares Gap Down – Here’s Why

Safehold Inc. (NYSE:SAFE)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.98, but opened at $14.42. Safehold shares last traded at $14.3450, with a volume of 59,463 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on SAFE shares. Royal Bank Of Canada dropped their price target on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $14.00 in a research note on Thursday. Mizuho lifted their price target on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Safehold Stock Down 5.8%

The firm has a market cap of $1.01 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.05 and a beta of 1.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. The firm’s fifty day moving average is $13.94 and its 200 day moving average is $14.77.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Safehold had a net margin of 29.67% and a return on equity of 4.78%. The firm had revenue of $96.16 million for the quarter, compared to analysts’ expectations of $95.25 million. During the same period in the prior year, the firm earned $0.37 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, December 30th. Safehold’s dividend payout ratio (DPR) is presently 45.22%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings 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 buying an additional 1,680 shares in the last quarter. Russell Investments Group Ltd. increased its position in 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 period. Advisory Services Network LLC acquired a new stake in Safehold in the 3rd quarter worth about $57,000. GAMMA Investing LLC raised its stake in Safehold by 117.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock worth $61,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Safehold by 179.1% in the 3rd quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after purchasing an additional 2,711 shares during the period. Institutional investors own 70.38% of the company’s stock.

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.