Analysts Set Safehold Inc. (NYSE:SAFE) Target Price at $19.33

Safehold Inc. (NYSE:SAFE) has been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.3333.

SAFE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Safehold from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Citigroup reiterated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Zacks Research raised Safehold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada increased their price target on Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, February 20th.

Institutional Investors Weigh In On Safehold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Safehold by 19.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,131,494 shares of the company’s stock valued at $17,606,000 after buying an additional 182,006 shares during the period. Summit Global Investments acquired a new position in Safehold during the 2nd quarter worth approximately $330,000. Thrivent Financial for Lutherans raised its stake in Safehold by 92.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 163,504 shares of the company’s stock worth $2,533,000 after buying an additional 78,686 shares during the period. Geode Capital Management LLC boosted its holdings in Safehold by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,341,663 shares of the company’s stock worth $20,878,000 after acquiring an additional 65,941 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in Safehold in the third quarter worth approximately $3,343,000. 70.38% of the stock is owned by institutional investors.

Safehold Trading Up 3.0%

SAFE opened at $14.22 on Friday. Safehold has a twelve month low of $12.76 and a twelve month high of $19.21. The company has a fifty day moving average of $15.03 and a 200-day moving average of $14.74. The stock has a market cap of $1.02 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.80. The company has a quick ratio of 34.97, a current ratio of 34.97 and a debt-to-equity ratio of 1.88.

Safehold (NYSE:SAFE) last released its 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 net margin of 29.69% and a return on equity of 4.92%. The business had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. On average, sell-side analysts predict that Safehold will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.177 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.71 annualized dividend and a yield of 5.0%. Safehold’s dividend payout ratio is currently 44.38%.

About Safehold

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.