Analysts Set Safehold Inc. (NYSE:SAFE) Price Target at $18.71

Shares of Safehold Inc. (NYSE:SAFE) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.7143.

Several analysts have issued reports on SAFE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research report on Friday, July 17th. Royal Bank Of Canada cut shares of Safehold from a “market outperform” rating to a “sector perform” rating and reduced their target price for the stock from $18.00 to $16.00 in a research report on Friday, May 1st. The Goldman Sachs Group decreased their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st.

Safehold Trading Down 0.2%

NYSE:SAFE opened at $16.53 on Friday. The business’s 50-day moving average is $15.68 and its two-hundred day moving average is $15.18. The company has a debt-to-equity ratio of 1.91, a current ratio of 35.58 and a quick ratio of 35.59. Safehold has a 12 month low of $12.76 and a 12 month high of $17.45. The firm has a market capitalization of $1.18 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.77.

Safehold (NYSE:SAFE) last issued its earnings results on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $110.85 million during the quarter, compared to analysts’ expectations of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. Research analysts predict that Safehold will post 1.64 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s payout ratio is presently 44.65%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in Safehold by 21.1% during the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $833,000 after purchasing an additional 7,743 shares in the last quarter. Amundi raised its position in shares of Safehold by 2.6% in the 1st quarter. Amundi now owns 50,855 shares of the company’s stock valued at $906,000 after purchasing an additional 1,306 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Safehold by 1,106.2% during the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock valued at $3,660,000 after buying an additional 179,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Safehold by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock valued at $576,000 after buying an additional 1,308 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Safehold by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after buying an additional 15,280 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

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.