Safehold (NYSE:SAFE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Safehold (NYSE:SAFE) had its price target increased by analysts at Royal Bank Of Canada from $17.00 to $18.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 13.04% from the company’s previous close.

SAFE has been the subject of several other research reports. Mizuho boosted their target price on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Citigroup reiterated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Truist Financial raised their target price on shares of Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.22.

Safehold Stock Up 1.9%

NYSE SAFE opened at $15.92 on Friday. The business has a fifty day moving average price of $14.46 and a two-hundred day moving average price of $14.78. The stock has a market capitalization of $1.14 billion, a PE ratio of 9.95, a PEG ratio of 2.21 and a beta of 1.86. Safehold has a fifty-two week low of $12.76 and a fifty-two week high of $19.53. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The company had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Equities analysts expect that Safehold will post 1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Safehold by 21.1% in the first quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock worth $833,000 after purchasing an additional 7,743 shares during the last quarter. Amundi lifted its holdings in Safehold by 2.6% during the 1st quarter. Amundi now owns 50,855 shares of the company’s stock worth $906,000 after buying an additional 1,306 shares during the period. AQR Capital Management LLC grew its position in shares of Safehold by 1,106.2% in the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock valued at $3,660,000 after buying an additional 179,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Safehold by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock valued at $576,000 after buying an additional 1,308 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Safehold by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after buying an additional 15,280 shares during the period. Institutional investors and hedge funds 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.