Safehold (NYSE:SAFE) Stock Rating Reaffirmed as “Market Perform” by Citizens Jmp

Safehold (NYSE:SAFE)‘s stock had its “market perform” rating reiterated by stock analysts at Citizens Jmp in a research report issued on Wednesday, Benzinga reports.

A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial began coverage on shares of Safehold in a research report on Wednesday, August 19th. They set a “market perform” rating for the company. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Mizuho dropped their target price on shares of Safehold from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. JPMorgan Chase & Co. lowered shares of Safehold from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a research report on Thursday, September 24th. Finally, Royal Bank Of Canada cut their target price on shares of Safehold from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.17.

Safehold Trading Down 0.5%

Shares of SAFE stock opened at $12.01 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The company has a market cap of $850.19 million, a price-to-earnings ratio of 7.41, a PEG ratio of 3.60 and a beta of 1.78. The stock has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $14.94. Safehold has a 1-year low of $11.60 and a 1-year high of $17.45.

Safehold (NYSE:SAFE) last announced its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%. The firm had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. On average, equities research analysts expect that Safehold will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Safehold

In other news, Director Robin Josephs sold 9,500 shares of Safehold stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total value of $138,320.00. Following the sale, the director directly owned 89,068 shares of the company’s stock, valued at $1,296,830.08. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Safehold

Several large investors have recently made changes to their positions in SAFE. CoreCap Advisors LLC lifted its stake in shares of Safehold by 20.7% in the third quarter. CoreCap Advisors LLC now owns 7,530 shares of the company’s stock worth $89,000 after buying an additional 1,290 shares in the last quarter. Versant Capital Management Inc boosted its position in Safehold by 109.4% during the third quarter. Versant Capital Management Inc now owns 5,635 shares of the company’s stock worth $66,000 after acquiring an additional 2,944 shares during the last quarter. Tidal Investments LLC acquired a new position in Safehold during the second quarter worth about $1,077,000. Squarepoint Ops LLC purchased a new stake in Safehold during the 2nd quarter valued at about $658,000. Finally, Corient Private Wealth LP grew its stake in Safehold by 37.6% during the 2nd quarter. Corient Private Wealth LP now owns 15,273 shares of the company’s stock valued at $241,000 after acquiring an additional 4,171 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning ground leases. Through its ground-lease model, the company acquires and owns the land beneath commercial, residential, and other real estate assets while leasing that land to property owners under long-term agreements. This structure allows building owners to access the value of the land without selling the underlying property.

Safehold’s portfolio has included ground leases supporting multifamily, office, hotel, life sciences, industrial, and other commercial properties.