Safehold Inc. (NYSE:SAFE) Receives Average Rating of “Hold” from Analysts

Safehold Inc. (NYSE:SAFE) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.1667.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 15th. Raymond James Financial began coverage on shares of Safehold in a research note on Wednesday, August 19th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Finally, Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st.

Safehold Stock Performance

Shares of SAFE stock opened at $14.01 on Friday. Safehold has a 52-week low of $12.76 and a 52-week high of $17.45. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77. The stock has a market cap of $991.98 million, a PE ratio of 8.65, a price-to-earnings-growth ratio of 4.28 and a beta of 1.73. The business has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $15.34.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. On average, equities analysts expect that Safehold will post 1.64 EPS for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.1%. Safehold’s dividend payout ratio (DPR) is 43.83%.

Insider Transactions at Safehold

In other Safehold news, Director Robin Josephs sold 9,500 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $14.56, for a total transaction of $138,320.00. Following the transaction, the director directly owned 89,068 shares of the company’s stock, valued at $1,296,830.08. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Safehold

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Safehold in the second quarter worth approximately $4,603,000. BlackRock Inc. raised its stake in Safehold by 2.1% during the second quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock worth $156,036,000 after purchasing an additional 200,628 shares during the period. Man Group plc purchased a new stake in shares of Safehold during the 2nd quarter valued at approximately $1,540,000. Infrastructure Capital Advisors LLC acquired a new position in shares of Safehold in the 2nd quarter valued at $1,138,000. Finally, Hsbc Holdings PLC purchased a new position in Safehold during the second quarter worth about $1,726,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.