Safehold (NYSE:SAFE) Given “Neutral” Rating at Wedbush

Wedbush restated their neutral rating on shares of Safehold (NYSE:SAFE) in a research report released on Monday,RTT News reports. They currently have a $20.00 price target on the stock.

A number of other analysts also recently issued reports on SAFE. The Goldman Sachs Group cut their target price on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.67.

Safehold Price Performance

Shares of Safehold stock opened at $18.74 on Monday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 12.66 and a beta of 1.75. The business has a 50 day simple moving average of $17.65 and a two-hundred day simple moving average of $20.26. Safehold has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting 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 in the prior year, the company posted $0.36 earnings per share. As a group, analysts predict that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.78%. Safehold’s dividend payout ratio is currently 47.30%.

Institutional Investors Weigh In On Safehold

A number of large investors have recently modified their holdings of SAFE. Rhumbline Advisers grew its stake in shares of Safehold by 0.4% during the fourth quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock worth $3,016,000 after purchasing an additional 663 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Safehold by 23.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after acquiring an additional 849 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Safehold by 3.4% in the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock valued at $509,000 after acquiring an additional 899 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Safehold by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company’s stock worth $264,000 after acquiring an additional 924 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 987 shares during the last quarter. 70.38% of the stock is 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.