Mizuho Has Lowered Expectations for Safehold (NYSE:SAFE) Stock Price

Safehold (NYSE:SAFE) had its target price reduced by investment analysts at Mizuho from $25.00 to $19.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 7.26% from the stock’s previous close.

SAFE has been the topic of several other research reports. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of Safehold in a research report on Monday, March 31st. Finally, Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Safehold currently has an average rating of “Hold” and an average target price of $25.00.

Safehold Stock Down 0.5 %

Shares of SAFE opened at $17.71 on Thursday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.97 and a beta of 1.62. Safehold has a 52 week low of $15.55 and a 52 week high of $28.80. The stock’s 50-day moving average price is $17.79 and its 200-day moving average price is $20.11. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last released its quarterly earnings data 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 firm posted $0.36 EPS. On average, sell-side analysts predict that Safehold will post 1.58 EPS for the current year.

Institutional Trading of Safehold

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Safehold by 0.4% during the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock valued at $3,016,000 after acquiring an additional 663 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after purchasing an additional 849 shares during the last quarter. M&T Bank Corp lifted its position in Safehold by 3.4% during the fourth quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock worth $509,000 after buying an additional 899 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Safehold by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company’s stock valued at $264,000 after buying an additional 924 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Safehold by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,470 shares of the company’s stock worth $545,000 after acquiring an additional 987 shares during 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 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.