Safehold Inc. (NYSE:SAFE) Given Average Recommendation of “Hold” by Brokerages

Safehold Inc. (NYSE:SAFE) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.75.

Several research firms recently commented on SAFE. Mizuho increased their price objective on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Wall Street Zen downgraded Safehold from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group reduced their price objective on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Truist Financial increased their price objective on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded Safehold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 279,664 shares during the period. Geode Capital Management LLC raised its holdings in shares of Safehold by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock worth $18,557,000 after acquiring an additional 6,255 shares during the period. Long Pond Capital LP purchased a new position in shares of Safehold during the 4th quarter worth $12,936,000. Invesco Ltd. raised its holdings in shares of 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 acquiring an additional 27,395 shares during the period. Finally, Algert Global LLC raised its holdings in shares of 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 acquiring an additional 281,478 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 1.4%

NYSE SAFE opened at $15.70 on Thursday. The business has a fifty day moving average price of $14.87 and a 200 day moving average price of $14.61. Safehold has a one year low of $12.76 and a one year high of $17.16. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. The company has a market cap of $1.12 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.97 and a beta of 1.81.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Safehold had a net margin of 28.58% and a return on equity of 4.78%. The firm had revenue of $110.85 million during the quarter, compared to analyst estimates of $96.51 million. Research analysts anticipate that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, March 31st. Safehold’s payout ratio is currently 44.65%.

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.