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

Safehold Inc. (NYSE:SAFE) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.1667.

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a research report on Tuesday, August 4th. The Goldman Sachs Group reduced their price objective on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st.

Safehold Stock Down 2.0%

Shares of NYSE:SAFE opened at $14.95 on Tuesday. The firm has a market capitalization of $1.06 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 4.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. Safehold has a 52-week low of $12.76 and a 52-week high of $17.45. The firm has a fifty day moving average of $16.02 and a 200 day moving average of $15.33.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $110.78 million. As a group, research analysts anticipate that Safehold will post 1.65 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.177 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.7%. Safehold’s payout ratio is presently 43.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAFE. Long Pond Capital LP bought a new stake in Safehold during the 4th quarter valued at $12,936,000. NewEdge Wealth LLC bought a new stake in Safehold in the 2nd quarter worth $10,529,000. Bank of America Corp DE purchased a new position in shares of Safehold in the second quarter valued at about $5,153,000. Denali Advisors LLC bought a new position in shares of Safehold during the second quarter valued at about $4,861,000. Finally, Michelson Medical Research Foundation Inc. bought a new position in shares of Safehold during the second quarter valued at about $4,629,000. Institutional investors own 70.38% of the company’s stock.

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.