Analysts Set Safehold Inc. (NYSE:SAFE) PT at $19.00

Shares of Safehold Inc. (NYSE:SAFE) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.1429.

Several analysts recently issued reports on the company. Wall Street Zen downgraded Safehold from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and cut their price target for the stock from $18.00 to $16.00 in a report on Friday, May 1st. Morgan Stanley downgraded Safehold from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Tuesday, April 21st.

Safehold Price Performance

Shares of SAFE opened at $14.62 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.58 and a beta of 1.86. The stock has a 50 day moving average of $14.82 and a 200-day moving average of $14.50. The company has a current ratio of 35.58, a quick ratio of 35.59 and a debt-to-equity ratio of 1.91. Safehold has a 52 week low of $12.76 and a 52 week high of $17.16.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Safehold had a return on equity of 4.78% and a net margin of 28.58%.The business had revenue of $110.85 million during the quarter, compared to the consensus estimate of $96.51 million. As a group, analysts forecast that Safehold will post 1.69 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.177 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.8%. Safehold’s dividend payout ratio (DPR) is currently 44.65%.

Institutional Trading of Safehold

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Safehold by 21.1% during the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $833,000 after acquiring an additional 7,743 shares in the last quarter. Amundi raised its stake in Safehold by 2.6% during the 1st quarter. Amundi now owns 50,855 shares of the company’s stock valued at $906,000 after acquiring an additional 1,306 shares in the last quarter. AQR Capital Management LLC raised its stake in Safehold by 1,106.2% during the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock valued at $3,660,000 after acquiring an additional 179,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Safehold by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock valued at $576,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Safehold by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after acquiring an additional 15,280 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

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.