Safehold (NYSE:SAFE) Upgraded by Wall Street Zen to “Hold” Rating

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

Several other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Royal Bank Of Canada lifted their target price on shares of Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Truist Financial boosted their target price on shares of Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Finally, Morgan Stanley cut shares of Safehold from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $16.00 to $14.00 in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.25.

Safehold Stock Down 0.1%

Safehold stock opened at $13.49 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97. The stock has a market capitalization of $969.07 million, a price-to-earnings ratio of 8.43, a PEG ratio of 1.37 and a beta of 1.84. Safehold has a 1-year low of $12.76 and a 1-year high of $18.61. The business has a fifty day moving average price of $14.82 and a 200-day moving average price of $14.60.

Safehold (NYSE:SAFE) last announced 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 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 research analysts forecast that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Safehold

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Safehold by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after buying an additional 279,664 shares during the last quarter. Geode Capital Management LLC lifted its stake in Safehold by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after acquiring an additional 6,255 shares during the period. Long Pond Capital LP purchased a new stake in shares of Safehold in the 4th quarter valued at $12,936,000. Invesco Ltd. boosted its holdings in shares of Safehold by 4.6% in the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock valued at $9,646,000 after acquiring an additional 27,395 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Safehold by 137.4% in the third quarter. Algert Global LLC now owns 486,386 shares of the company’s stock worth $7,534,000 after acquiring an additional 281,478 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.