Safehold (NYSE:SAFE) Downgraded to “Sell” Rating by Wall Street Zen

Safehold (NYSE:SAFE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

SAFE has been the topic of a number of other research reports. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Mizuho increased their price target on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Truist Financial raised their price objective on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $16.00 to $14.00 in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.33.

Safehold Stock Down 4.6%

SAFE stock opened at $13.77 on Friday. The stock has a market capitalization of $988.42 million, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.80. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. Safehold has a 12 month low of $12.76 and a 12 month high of $19.21. The firm has a 50-day moving average price of $15.05 and a 200-day moving average price of $14.77.

Safehold (NYSE:SAFE) last announced 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. The company had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. As a group, equities research analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Trading of Safehold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its holdings in shares of Safehold by 13.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock valued at $89,000 after acquiring an additional 695 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Safehold by 39.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after purchasing an additional 743 shares in the last quarter. Franklin Resources Inc. grew its position in Safehold by 5.6% in the 2nd quarter. Franklin Resources Inc. now owns 16,462 shares of the company’s stock valued at $256,000 after purchasing an additional 878 shares during the period. Federation des caisses Desjardins du Quebec increased 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 valued at $61,000 after purchasing an additional 908 shares in the last quarter. Finally, Aberdeen Group plc raised its holdings in Safehold by 4.9% during the fourth quarter. Aberdeen Group plc now owns 19,892 shares of the company’s stock worth $272,000 after buying an additional 922 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.