Safehold Inc. (NYSE:SAFE) Receives Average Rating of “Hold” from Brokerages

Safehold Inc. (NYSE:SAFE) has been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.2222.

A number of equities analysts have weighed in on the company. Truist Financial boosted their target price on Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Zacks Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada increased their target price on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday.

Safehold Price Performance

Shares of NYSE SAFE opened at $15.90 on Tuesday. The firm has a market cap of $1.14 billion, a P/E ratio of 9.94, a PEG ratio of 2.21 and a beta of 1.86. Safehold has a twelve month low of $12.76 and a twelve month high of $19.53. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88. The company has a 50 day moving average of $14.50 and a 200 day moving average of $14.80.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The business had revenue of $97.87 million during the quarter, compared to analyst estimates of $96.71 million. As a group, research analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.5%. Safehold’s dividend payout ratio (DPR) is presently 44.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. raised 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 worth $29,000 after purchasing an additional 1,680 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Safehold during the 4th quarter valued at approximately $31,000. Russell Investments Group Ltd. increased its holdings in Safehold by 115.0% in the 2nd 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 in the last quarter. Advisory Services Network LLC purchased a new stake in Safehold in the 3rd quarter worth approximately $57,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in Safehold by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after acquiring an additional 908 shares during the period. Hedge funds and other 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.