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

Shares of Safehold Inc. (NYSE:SAFE) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.56.

Several brokerages recently issued reports on SAFE. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Wedbush reiterated a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of Safehold in a report on Friday, February 7th. 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. Mizuho increased their price target on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group decreased their price target on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Safehold Stock Down 2.9 %

Shares of NYSE:SAFE opened at $17.00 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 11.49 and a beta of 1.66. The company has a quick ratio of 37.83, a current ratio of 37.37 and a debt-to-equity ratio of 1.82. Safehold has a 12-month low of $15.55 and a 12-month high of $28.80. The business has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $21.55.

Safehold (NYSE:SAFE) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (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 quarter last year, the company posted $0.36 earnings per share. Analysts predict that Safehold will post 1.59 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.16%. Safehold’s dividend payout ratio is presently 47.97%.

Institutional Trading of Safehold

Several large investors have recently made changes to their positions in SAFE. Invesco Ltd. grew its stake in shares of Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock valued at $11,942,000 after buying an additional 487,886 shares during the period. JPMorgan Chase & Co. boosted its stake in Safehold by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company’s stock valued at $19,424,000 after purchasing an additional 388,899 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Safehold by 8.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company’s stock valued at $78,850,000 after purchasing an additional 336,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Safehold by 266.5% during the 3rd 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 last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Safehold by 1,683.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock valued at $4,209,000 after purchasing an additional 214,979 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.