Brokerages Set Safehold Inc. (NYSE:SAFE) Target Price at $25.56

Safehold Inc. (NYSE:SAFE) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $25.56.

A number of analysts have weighed in on the stock. Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reaffirmed a “neutral” rating and set a $19.00 price objective (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Safehold in a report on Thursday, February 6th.

Hedge Funds Weigh In On Safehold

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. Smartleaf Asset Management LLC raised its position in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after buying an additional 1,020 shares in the last quarter. KBC Group NV increased its stake in shares of Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after acquiring an additional 1,275 shares during the period. Vestcor Inc bought a new stake in Safehold during the third quarter worth approximately $110,000. Tower Research Capital LLC TRC lifted its position in Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after purchasing an additional 849 shares during the period. Finally, FMR LLC boosted its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Down 1.1 %

NYSE:SAFE opened at $18.62 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.58 and a beta of 1.75. Safehold has a one year low of $15.55 and a one year high of $28.80. The stock has a 50-day simple moving average of $17.27 and a 200 day simple moving average of $20.88.

Safehold (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the business posted $0.36 earnings per share. Sell-side analysts predict that Safehold will post 1.58 EPS for the current fiscal year.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.