Safehold (NYSE:SAFE) Price Target Raised to $16.00

Safehold (NYSE:SAFE) had its price objective raised by equities research analysts at Mizuho from $15.00 to $16.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 5.83% from the stock’s previous close.

A number of other research firms also recently commented on SAFE. Truist Financial upped their price objective on shares of Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Citigroup reissued a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. Royal Bank Of Canada increased their target price on Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Morgan Stanley downgraded Safehold from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $16.00 to $14.00 in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.33.

Safehold Price Performance

SAFE stock opened at $15.12 on Wednesday. Safehold has a 1 year low of $12.76 and a 1 year high of $19.32. The firm has a market cap of $1.08 billion, a P/E ratio of 9.45, a PEG ratio of 2.11 and a beta of 1.80. The stock’s 50 day moving average price is $14.98 and its 200 day moving average price is $14.84. The company has a debt-to-equity ratio of 1.88, a quick ratio of 34.97 and a current ratio of 34.97.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a return on equity of 4.92% and a net margin of 29.69%. On average, sell-side analysts expect that Safehold will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in shares of Safehold by 32.7% in the 4th quarter. Hsbc Holdings PLC now owns 122,605 shares of the company’s stock valued at $1,676,000 after purchasing an additional 30,242 shares in the last quarter. XTX Topco Ltd acquired a new position in Safehold during the 4th quarter worth $307,000. Tudor Investment Corp ET AL increased its position in shares of Safehold by 936.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 223,678 shares of the company’s stock worth $3,062,000 after purchasing an additional 202,106 shares during the last quarter. Man Group plc acquired a new stake in shares of Safehold in the 4th quarter valued at about $1,008,000. Finally, Infrastructure Capital Advisors LLC lifted its position in shares of Safehold by 5.8% during the fourth quarter. Infrastructure Capital Advisors LLC now owns 46,783 shares of the company’s stock worth $640,000 after purchasing an additional 2,550 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

About Safehold

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.