Safe and Green Development (NASDAQ:RENX) Upgraded at Wall Street Zen

Posted by Teresa Graham on Apr 2nd, 2026

Wall Street Zen upgraded shares of Safe and Green Development (NASDAQ:RENX – Free Report) to a sell rating in a research report released on Monday.

Safe and Green Development Trading Up 46.6%

NASDAQ:RENX opened at $2.61 on Monday. The company has a market cap of $6.06 million, a PE ratio of -0.58 and a beta of 3.86. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.79. The company has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $11.72. Safe and Green Development has a 12 month low of $1.42 and a 12 month high of $47.20.

Safe and Green Development (NASDAQ:RENX – Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported $3.01 earnings per share for the quarter. The firm had revenue of $5.57 million for the quarter. Safe and Green Development had a negative return on equity of 733.82% and a negative net margin of 277.22%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Safe and Green Development stock. Citadel Advisors LLC purchased a new stake in shares of Safe and Green Development Corporation (NASDAQ:RENX – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,346 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 0.42% of Safe and Green Development as of its most recent SEC filing. Hedge funds and other institutional investors own 2.59% of the company’s stock.

About Safe and Green Development

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Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.