Safehold Inc. (NYSE:SAFE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Safehold Inc. (NYSE:SAFE) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.2222.

A number of research analysts recently issued reports on SAFE shares. Mizuho dropped their price objective on shares of Safehold from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Royal Bank Of Canada decreased their price target on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Finally, Cantor Fitzgerald set a $17.00 target price on Safehold and gave the stock a “neutral” rating in a research report on Wednesday, October 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Safehold by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after buying an additional 15,280 shares during the period. Strs Ohio acquired a new stake in Safehold during the 1st quarter worth about $555,000. Cubist Systematic Strategies LLC raised its position in shares of Safehold by 48.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 64,744 shares of the company’s stock worth $1,212,000 after acquiring an additional 21,187 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Safehold by 19.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,131,494 shares of the company’s stock worth $17,606,000 after acquiring an additional 182,006 shares in the last quarter. Finally, Summit Global Investments acquired a new position in shares of Safehold in the 2nd quarter valued at about $330,000. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 1.4%

Shares of SAFE opened at $14.86 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. Safehold has a 52 week low of $12.76 and a 52 week high of $19.53. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 2.13 and a beta of 1.84. The stock has a fifty day moving average of $13.70 and a 200-day moving average of $14.83.

Safehold (NYSE:SAFE) last issued its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $50.20 million during the quarter. Safehold had a return on equity of 4.78% and a net margin of 29.67%. As a group, sell-side analysts anticipate that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, December 30th. Safehold’s payout ratio is currently 45.22%.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.