Safehold Inc. (NYSE:SAFE) Receives $19.25 Consensus PT from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have earned a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.25.

A number of analysts have recently weighed in on SAFE shares. Mizuho upped their price objective on Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Morgan Stanley cut Safehold from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $16.00 to $14.00 in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 279,664 shares during the last quarter. Geode Capital Management LLC raised its stake in Safehold by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after buying an additional 6,255 shares in the last quarter. Long Pond Capital LP acquired a new stake in Safehold in the fourth quarter valued at $12,936,000. Invesco Ltd. lifted its holdings in Safehold by 4.6% during the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after buying an additional 27,395 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Safehold by 137.4% during the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock worth $7,534,000 after buying an additional 281,478 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Up 1.8%

Shares of NYSE:SAFE opened at $15.48 on Wednesday. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.84. Safehold has a 1 year low of $12.76 and a 1 year high of $17.16. 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 firm’s 50-day moving average is $14.93 and its two-hundred day moving average is $14.51.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Safehold had a net margin of 29.69% and a return on equity of 4.92%. The firm had revenue of $97.87 million during the quarter, compared to analysts’ expectations of $96.71 million. Analysts predict that Safehold will post 1.58 EPS for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.177 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.6%. Safehold’s 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.