Brokerages Set Safehold Inc. (NYSE:SAFE) PT at $26.00

Shares of Safehold Inc. (NYSE:SAFE) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.00.

Several analysts have recently weighed in on SAFE shares. Wedbush reissued a “neutral” rating and issued a $23.00 price target (down previously from $25.00) on shares of Safehold in a research note on Monday, November 4th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Mizuho lifted their target price on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Safehold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Long Pond Capital LP increased its stake in Safehold by 14.9% in the second quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock valued at $51,361,000 after purchasing an additional 345,661 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Safehold by 266.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock valued at $9,171,000 after purchasing an additional 254,227 shares during the period. Heitman Real Estate Securities LLC purchased a new stake in Safehold in the 3rd quarter valued at approximately $3,683,000. JPMorgan Chase & Co. grew its holdings in Safehold by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock worth $17,369,000 after acquiring an additional 91,965 shares during the period. Finally, HGI Capital Management LLC increased its holdings in shares of Safehold by 74.5% in the 3rd quarter. HGI Capital Management LLC now owns 212,887 shares of the company’s stock valued at $5,584,000 after purchasing an additional 90,866 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Down 4.0 %

SAFE opened at $16.13 on Monday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.49 and a beta of 1.67. The company’s 50 day simple moving average is $19.26 and its two-hundred day simple moving average is $22.14. Safehold has a 1-year low of $15.55 and a 1-year high of $28.80. The company has a debt-to-equity ratio of 1.85, a current ratio of 37.83 and a quick ratio of 37.83.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $90.70 million for the quarter, compared to the consensus estimate of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. Analysts expect that Safehold will post 1.57 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 4.39%. Safehold’s dividend payout ratio (DPR) is 41.76%.

Safehold Company Profile

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.