Safehold Inc. (NYSE:SAFE) Receives $18.75 Consensus PT from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.75.

SAFE has been the subject of several research reports. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of Safehold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada cut shares of Safehold from a “market outperform” rating to a “sector perform” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st. Finally, Mizuho lifted their target price on shares of Safehold from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th.

Hedge Funds Weigh In On Safehold

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Safehold by 110.4% during the first quarter. Bank of America Corp DE now owns 337,284 shares of the company’s stock worth $4,563,000 after purchasing an additional 177,001 shares during the period. Amundi boosted its stake in Safehold by 27.2% in the 1st quarter. Amundi now owns 49,316 shares of the company’s stock valued at $667,000 after purchasing an additional 10,542 shares during the period. Royal Bank of Canada grew its holdings in Safehold by 121.2% in the 1st quarter. Royal Bank of Canada now owns 90,756 shares of the company’s stock valued at $1,228,000 after buying an additional 49,736 shares in the last quarter. Infrastructure Capital Advisors LLC grew its holdings in Safehold by 23.6% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 57,833 shares of the company’s stock valued at $782,000 after buying an additional 11,050 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Safehold by 46.4% in the 1st quarter. Quantinno Capital Management LP now owns 168,833 shares of the company’s stock valued at $2,284,000 after buying an additional 53,540 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

NYSE:SAFE opened at $16.37 on Monday. The company has a quick ratio of 35.59, a current ratio of 35.58 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $14.88. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 2.09 and a beta of 1.77. Safehold has a 12-month low of $12.76 and a 12-month high of $17.16.

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

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.177 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.3%. Safehold’s dividend payout ratio (DPR) is 44.65%.

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.